Fearing an administrative complaint, following an FTC vote, against likely higher prices and lower quality care for Rhode Islanders, if proposed merger of Lifespan Corp. & Care New England Health System were to go ahead, the merging parties abandoned their efforts to consummate the transaction.
Emphasising on the role of FTC, the Competition Director Holly Vedova said, “Had the FTC and the Rhode Island Attorney General not challenged the proposed transaction, it would have combined the two largest healthcare providers in Rhode Island and created a dominant entity.”
