FTC accepts failing firm defence and closes investigation of the consummated Scott & White hospital merger | Practical Law

FTC accepts failing firm defence and closes investigation of the consummated Scott & White hospital merger | Practical Law

On 23 December 2009, Richard Feinstein, Director of the Federal Trade Commission's (FTC) Bureau of Competition, issued a closing statement on the investigation of Scott & White Healthcare's consummated acquisition of financially distressed King's Daughters Hospital in Temple, Texas. While the FTC staff had initially informed Scott & White that it was recommending litigation be initiated under section 7 of the Clayton Act to unwind the transaction, the FTC ultimately accepted a failing firm defence.

FTC accepts failing firm defence and closes investigation of the consummated Scott & White hospital merger

by Practical Law
Published on 01 Feb 2010 • USA (National/Federal)
On 23 December 2009, Richard Feinstein, Director of the Federal Trade Commission's (FTC) Bureau of Competition, issued a closing statement on the investigation of Scott & White Healthcare's consummated acquisition of financially distressed King's Daughters Hospital in Temple, Texas. While the FTC staff had initially informed Scott & White that it was recommending litigation be initiated under section 7 of the Clayton Act to unwind the transaction, the FTC ultimately accepted a failing firm defence.