The Federal Trade Commission today announced the following action. The FTC staff contact is Dan Ducore, 202-326-2526.
Commission action regarding applications for prior approval: Following a public comment period, the FTC has ruled on an application from the following:
- The FTC has approved the application of Champion Healthcare Corporation, of Houston, Texas, to sell the Salt Lake Regional Medical Center in Salt Lake City, Utah, to Paracelsus Healthcare Corporation, of Pasadena, California, as part of the merger of Champion and Paracelsus. Champion acquired the hospital (then known as Holy Cross Hospital) pursuant to a Commission-approved divestiture required by a 1994 consent order. Paracelsus owns three hospitals in the Salt Lake area. (See Oct. 21, 1994 news release for more details about the 1994 consent order; Docket No. C-3538; Commission vote to grant prior approval was 5-0.)
Copies of the documents referenced above are available from the FTC’s Public Reference Branch, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-326-2222; TTY for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710. FTC news releases and other materials also are available on the Internet at the FTC’s World Wide Web site at: http://www.ftc.gov