Manatt’s Lisl Dunlop, co-chair of the firm’s antitrust and competition practice, was quoted by the Chicago Tribune in an article examining Advocate Health Care’s proposed merger with Aurora Health Care.
The publication explained that the proposed deal would create the tenth-largest not-for-profit hospital system in the country. Under the terms of the proposed 50-50 merger, neither system would pay the other cash and no jobs are expected to be cut. While Advocate’s last attempt to merge with a large health system was unsuccessful, there is optimism that this deal will be approved by the Federal Trade Commission.
“It’s unlikely the Federal Trade Commission would challenge the Advocate-Aurora deal, given their mostly separate geographic footprints,” Dunlop told the publication.
“When you can’t do a deal in your existing market like Advocate … becoming a bigger regional system is a kind of logical extension, if you’re deal-minded and want to be bigger.”
Read the article here.