By Josh Beckerman

 

The Federal Trade Commission is seeking to block the Community Health Systems sale of two North Carolina hospitals to Novant Health.

The agency alleges the $320 million transaction would allow Novant to control nearly 65% of the market for inpatient general acute care services in the eastern Lake Norman area, and says the sale "threatens to raise prices."

Community Health Systems didn't immediately reply to a request for comment.

The planned sale of Lake Norman Regional Medical Center and Davis Regional Medical Center was announced in February.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

January 25, 2024 13:41 ET (18:41 GMT)

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