The Louisiana attorney general’s office has accused the Federal Trade Commission of unlawfully intruding on state power in a dispute over whether a $150 million hospital transaction in New Orleans needed to be cleared by the federal agency even though the state had approved the deal.
The state jumped into the litigation in New Orleans federal court, where Louisiana Children’s Medical Center and HCA Healthcare Inc last week both sued the FTC and other defendants. They contend the deal, involving Louisiana Children’s Medical Center acquiring three hospitals from HCA Healthcare, was immune from disclosure requirements and a waiting period under the federal Hart-Scott-Rodino Act, Reuters reports. Read more.
