An April 17 date has been set for an administrative law judge in Washington, D.C., to review the proposed Peoria, Ill.-based OSF HealthCare acquisition of Rockford (Ill.) Health System, according to a Rockford Register Star report.
Leaders of OSF and Rockford Health announced acquisition plans in February 2011. In November 2011, the Federal Trade Commission challenged the acquisition with a complaint that it would reduce competition among hospitals and primary care physicians in the Rockford area.
The FTC requested a temporary restraining order and preliminary injunction to delay deal.
Judge Frederick Kapala recently heard arguments over the restraining order and preliminary injunction in a three-day hearing, which began Feb. 1, 2012. Judge Kapala's ruling is expected within the next week.
According to the report, the FTC requested a delay to prevent OSF and Rockford Health from moving forward before a D.C. judge could rule on whether the deal is anticompetitive.
OSF Healthcare, Rockford Health Plan to Appeal FTC's Challenge Against Acquisition
FTC Ruling on Illinois' OSF HealthCare, Rockford Deal Expected Soon
Leaders of OSF and Rockford Health announced acquisition plans in February 2011. In November 2011, the Federal Trade Commission challenged the acquisition with a complaint that it would reduce competition among hospitals and primary care physicians in the Rockford area.
The FTC requested a temporary restraining order and preliminary injunction to delay deal.
Judge Frederick Kapala recently heard arguments over the restraining order and preliminary injunction in a three-day hearing, which began Feb. 1, 2012. Judge Kapala's ruling is expected within the next week.
According to the report, the FTC requested a delay to prevent OSF and Rockford Health from moving forward before a D.C. judge could rule on whether the deal is anticompetitive.
More Articles on OSF Healthcare, Rockford Health Acquisition:
Hearing on FTC's Challenge of Rockford Health, OSF Merger BeginsOSF Healthcare, Rockford Health Plan to Appeal FTC's Challenge Against Acquisition
FTC Ruling on Illinois' OSF HealthCare, Rockford Deal Expected Soon