Markets Wired

The Director of the Federal Trade Commission’s Bureau of Competition, Richard A. Feinstein, issued the following statement regarding today’s ruling by the U.S. District Court for the Middle District of Georgia, which granted the FTC’s motion for a temporary restraining order in the case Federal Trade Commission et al v. Phoebe Putney Health System, Inc. et al.

“We are pleased that the Court has issued a Temporary Restraining Order prohibiting any further steps to consolidate the two hospitals in Albany, and prohibiting any price changes to existing health-plan contracts, pending our Motion for Preliminary Injunction.  A hearing on that motion has been scheduled for June 14.”