Markets Wired

Federal Trade Commission Bureau of Competition Director Richard Feinstein issued the following statement regarding the U.S. District Court ruling today granting the FTC’s request for a preliminary injunction in this case, pending a full administrative trial on the merits of ProMedica Health System Inc.’s proposed acquisition of St. Luke’s Hospital:

“We are gratified that Judge Katz has issued a preliminary injunction to preserve competition between ProMedica and St. Luke’s. In a time of rapidly escalating health care costs, we believe that consumers in Lucas County, Ohio, are the true beneficiaries of this decision.”