{"id":43456,"date":"2023-12-18T17:17:21","date_gmt":"2023-12-18T22:17:21","guid":{"rendered":"https:\/\/d56fg8tfg.fitnews.club\/finance\/statement-regarding-the-termination-of-john-muirs-takeover-of-san-ramon-regional-medical-center-from-tenet-healthcare\/"},"modified":"2023-12-18T17:17:21","modified_gmt":"2023-12-18T22:17:21","slug":"statement-regarding-the-termination-of-john-muirs-takeover-of-san-ramon-regional-medical-center-from-tenet-healthcare","status":"publish","type":"post","link":"https:\/\/d56fg8tfg.fitnews.club\/finance\/statement-regarding-the-termination-of-john-muirs-takeover-of-san-ramon-regional-medical-center-from-tenet-healthcare\/","title":{"rendered":"Statement Regarding the Termination of John Muir\u2019s Takeover of San Ramon Regional Medical Center from Tenet Healthcare"},"content":{"rendered":"
The FTC and the State of California moved to dismiss their case challenging John Muir Health\u2019s proposed deal to acquire sole ownership of San Ramon Regional Medical Center, LLC from current majority owner Tenet Healthcare Corporation following an announcement of the deal\u2019s termination. <\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n Bureau of Competition Director Henry Liu issued the following statement:<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n \u201cThe FTC has scored another major health care win in less than a month, delivering patients in California continued access to quality, affordable health care services. John Muir\u2019s anticompetitive hospital takeover would have driven up health care costs for critical services like heart surgery, spinal surgery, and maternity care. It also threatened to eliminate improvements in care driven by competition, which directly benefit patients. <\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n Now that this transaction is terminated, John Muir and Tenet\u2019s San Ramon Regional Medical Center can continue competing head-to-head to offer high-quality care at the best prices for Californians in the I-680 corridor. I want to thank the Office of the California Attorney General for their partnership in this matter. Thank you to the FTC staff, attorneys and economists for their work and dedication to this case.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n