![]() The complaint also names Steward’s CEO and controlling majority shareholder, Ralph de la Torre, M.D.Īmong other things, the complaint alleges that the acquisition would: Steward has 41 hospitals in the United States and abroad. Steward is a for-profit healthcare system headquartered in Dallas, Texas. ![]() HCA is a Nashville, Tennessee-based for-profit healthcare system with 182 hospitals in the United States and abroad. HCA Healthcare and Steward Health Care System compete for inclusion in insurer networks, and for health care quality, service lines, and nurse and physician recruitment. If these companies merge, this competition will be lost, and Steward will no longer be available to patients as a low-cost provider in this region.” “The result is lower prices and more innovative services for patients and their families. “As the second and fourth largest healthcare systems in the Wasatch Front region of Utah, which surrounds Salt Lake City, HCA Healthcare and Steward Health Care System help to keep costs down for consumers by competing vigorously with each other,” said FTC Bureau of Competition Director Holly Vedova. The companies offer a broad range of essential medical and surgical diagnostic and treatment services that require an overnight hospital stay, known as inpatient general acute care services. The agency alleges that the deal would eliminate the second and fourth largest healthcare systems in the Wasatch Front region, where approximately 80 percent of Utah’s residents live. The Federal Trade Commission has authorized an administrative complaint and a lawsuit in federal court to block the proposed merger between Utah healthcare competitors HCA Healthcare and Steward Health Care System. About the FTC Show/hide About the FTC menu items.News and Events Show/hide News and Events menu items.Advice and Guidance Show/hide Advice and Guidance menu items.Competition and Consumer Protection Guidance Documents.Enforcement Show/hide Enforcement menu items.If you are not a subscriber, please consider supporting quality local journalism with a Patriot Ledger subscription. Thanks to our subscribers, who help make this coverage possible. We will continue to vigorously pursue this matter.” Additional claims by Compass remain under consideration by the court and the court has yet to issue a final judgement. We are disappointed by, and disagree with, the jury’s decision," Compass Medical CEO Jamie Barber said in a statement. “We fought for five years for our day in court and spent the past four weeks presenting witnesses and evidence to support our claims. We are grateful to the careful work done by the jury in this case,” said attorney Howard Cooper, of Todd & Weld LLP in Boston, who represented Steward Medical at the four-week trial.Ĭompass Medical has clinics in Quincy, Braintree and East Bridgewater, among others. “This is a tremendous vindication for Steward Medical after years of litigation. What to knowĬompass Medical files for bankruptcy: Here's what might happen next More: Abington man opens class action against now-closed Compass Medical. A Suffolk County jury, however, rejected all of Compass Medical’s claims, finding instead that it had committed fraud against Steward and awarding the Dallas-based company the damages it sought.
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