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State University of New York Upstate Medical University and Crouse Health System are abandoning plans to merge, Healthcare Dive reports. The two plan to pull an application seeking approval from state regulators to shield the deal from federal antitrust enforcement. The Federal Trade Commission, which opposed the tie-up by the two health providers, has been opposed to Certificates of Public Advantage, or COPAs, that allow anticompetitive mergers between hospitals.
1. Hackers leak stolen data from Change Healthcare on dark web
2. UnitedHealth estimates $1.6 billion loss from Change cyberattack
3. UnitedHealth reports significant data breach; personal health info compromised
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Illinois House passes governor’s 'Healthcare Protection Act’
6. Analyst says Cigna, Humana share prices could put merger back on the table