Part 2 Consents
On 10/5/2012, The FTC required hospital management company Universal Health Services, Inc. to sell an acute inpatient psychiatric facility in the El Paso, Texas/Santa Teresa, New Mexico area to settle Federal Trade Commission charges that UHS’s proposed acquisition of Ascend Health Corporation would be anticompetitive. The FTC’s complaint charges that UHS’s proposed acquisition of Ascend would be anticompetitive and would violate federal antitrust laws. As proposed, the deal allegedly would lead to a virtual monopoly in the provision of acute inpatient psychiatric services to commercially insured patients in the El Paso/Santa Teresa area. The complaint alleges that the deal would eliminate competition in the local market between UHS and Ascend, which has benefitted local consumers through lower health care costs, higher quality of care, and improved services. On 11/30/2012, the FTC approved a final order settling Universal Health Corporation, Inc.’s (UHS) proposed acquisition of Ascend Health Corporation.