Federal Trade Commission
Protecting America's Consumers
For Release: 03/29/2011
Statement by FTC Bureau of Competition Director Richard Feinstein on the Court Ruling Granting a Preliminary Injunction in the ProMedica/St. Luke's Hospital Matter
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.”
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