Another regulatory twist has emerged in the FTC vs. Phoebe Putney saga.
Phoebe and its local Albany hospital authority said Thursday that they have appealed a state agency’s ruling that a certificate-of-need (CON) approval would not be necessary if they were ordered to sell a hospital they acquired in 2011.
The acquisition of Palmyra Medical Center, which had been Phoebe’s only competitor in the Albany region, drew vigorous opposition from the Federal Trade Commission, which sued to stop the deal.
The FTC and Phoebe Putney reached a preliminary agreement last year to settle the lawsuit. The federal agency had been waiting for the Georgia Department of Community Health’s decision on the CON matter before it decided whether to finalize the settlement deal. full story