The Federal Trade Commission on Monday requested 60 days beyond a previous deadline to decide whether to sign off on its 2013 antitrust settlement with an Albany hospital system. Monday was the FTC’s deadline to finalize the agreement with Phoebe Putney Health System.
Georgia’s high-profile hospital antitrust saga may not be over after all. The Federal Trade Commission is asking a state agency whether a potential divestiture of the Albany hospital that Phoebe Putney acquired in 2011 would require regulatory approval. Last August, the FTC and Phoebe Putney Health System announced they were settling the agency’s long-running antitrust suit over the hospital acquisition. But that deal has not yet been finalized.
The U.S. Supreme Court sided with the Federal Trade Commission Tuesday in the fight over a hospital purchase in southwest Georgia. The court ruled unanimously that it violates antitrust laws for the Hospital Authority of Albany-Dougherty County to own both Phoebe Putney Memorial Hospital and Palmyra Medical Center. The authority bought Palmyra in December 2011.