Skip to main content

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the Red Ventures’ $1.4 billion acquisition of Bankrate would likely harm competition in the market for third-party paid referral services for senior living facilities.

Red Ventures and Bankrate supply proprietary internet content and customer leads for a variety of industries. According to the FTC’s complaint, two of Red Ventures’ largest shareholders jointly own A Place for, the largest provider of third-party paid referral services for senior living facilities. Competitor, a subsidiary of Bankrate, is the second largest such provider. Other competitors comprise a much smaller fringe.

The complaint alleged that absent a divestiture, the transaction could have increased the likelihood that Red Ventures would unilaterally exercise market power and the potential for coordinated interaction between and A Place for Mom. Under the terms of the order, the parties are required to divest no later than six months after the acquisition takes place.

The Commission vote approving the final order was 2-0. (FTC File No. 1710196; the staff contact is Joseph A. Lipinsky, Northwest Regional Office, 206-220-4473.)

The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about how competition benefits consumers or file an antitrust complaint. Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.

Contact Information

Betsy Lordan
Office of Public Affairs