Reading Health System Challenged On Merger

Map of Pennsylvania highlighting Berks County

Map of Pennsylvania highlighting Berks County (Photo credit: Wikipedia)

State and federal authorities want to block Reading Health System’s acquisition of a competitor, a move they say would harm local consumers by reducing competition.

State Attorney General Linda Kelly and the Federal Trade Commission announced Friday that they will ask a federal judge on Monday for an injunction to stop the deal for Surgical Institute of Reading LP, Spring Township.

“The proposed acquisition would result in substantially higher prices for many kinds of medical procedures,” Kelly said in a statement.  “It would be bad not just for patients but also for employers in the Reading area.”

The FTC also has issued an administrative complaint, initiating a proceeding that will determine the legality of the deal.

Read more: http://readingeagle.com/article.aspx?id=428738

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