The US FTC dismisses merger challenge after parties publicly announced to abandon the proposed acquisition in the healthcare industry (Inova / PWHS)

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Reference

US Federal Trade Commission, Press release FTC Approves Order Dismissing Administrative Complaint Against Inova Health System Foundation and Prince William Health System, Inc., 17 June 2008

Inova Health System Foundation (Inova) and Prince William Health System, Inc. (PWHS) announced today that they will abandon their proposed merger. This announcement comes after the Federal Trade Commission sought to preliminarily enjoin the merger so that it could conduct a “Fast Track” administrative hearing, which was scheduled to start on October 6, 2008. In a strategic shift, the Commission pursued a strategy of convincing a federal judge that he need only conduct a summary proceeding to preserve the status quo pending the “Fast Track” review. Pursuant to an agreement dated August

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  • Skadden, Arps, Slate, Meagher & Flom (Washington)
    United States 29 contributions 9152 visits
  • Skadden, Arps, Slate, Meagher & Flom (New York)
    United States 17 contributions 8849 visits

Quotation

Steven C. Sunshine, Clifford H. Aronson, The US FTC dismisses merger challenge after parties publicly announced to abandon the proposed acquisition in the healthcare industry (Inova / PWHS), 17 June 2008, e-Competitions June 2008, Art. N° 45576

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