Hackensack Meridian Health and Englewood Health have officially dropped their plans for a merger, in a move that could have reverberations across the U.S. health care system, NorthJersey.com reports. The two institutions will no longer fight the Federal Trade Commission’s objections to their plan for one of the state’s largest health system to acquire the Englewood hospital, a proposal that was announced with great fanfare — and promises of a $440 million investment by Hackensack Meridian — in October 2019.
A federal appeals court blocked the proposed merger last month, concurring with a lower court’s assessment that “the merger is likely to substantially lessen competition.” Read more.
