Federal Investigators Take Look At Highmark’s Acquisition Plans
By Jeremy Boren and Alex Nixon, The Pittsburgh Tribune-Review | |
McClatchy-Tribune Information Services |
U.S.
Notices describing the investigation mark the first time that federal authorities have acknowledged they are delving into potential antitrust violations that, if proved, could slow or derail plans by
A
"
"One question raised in the investigation is whether
The investigation is significant because the
"They are somewhat selective," he said.
It's unusual that the
"It looks like they're (
This is not the first time the acquisition has attracted antitrust concerns.
In December,
In his order, Schwab wrote: "If UPMC continues its contractual relationship with
The two organizations reached agreement on the
That review may not be completed until autumn at the earliest, state officials have predicted. The CEOs of West Penn Allegheny and
Since April,
The stalemate means
Legal entanglements and allegations of anti-competitive behavior stretch back years before this latest dispute.
In September,
Both organizations are giants in the local health care market.
West Penn Allegheny accused
The contract dispute has produced several proposals from state lawmakers seeking to keep
Gov.
___
(c)2012 The Pittsburgh Tribune-Review (Greensburg, Pa.)
Visit The Pittsburgh Tribune-Review (Greensburg, Pa.) at www.pittsburghlive.com/x/pittsburghtrib
Distributed by MCT Information Services
Wordcount: | 900 |
TruSignal targets potential Fortune 500 consumers online [St. Cloud Times, Minn.]
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News