Federal Trade Commission Blocks John Muir Health’s $142.5 Million Acquisition of San Ramon Regional Medical Center, Citing Competition Concerns
San Ramon, California – John Muir Health has abandoned its plans to acquire Tenet Healthcare’s San Ramon Regional Medical Center after the Federal Trade Commission (FTC) filed a lawsuit to block the move, citing concerns about competition in the area. The San Ramon Medical Center, a 123-bed acute care hospital located west of Oakland, sits just 14 miles away from another John Muir Health hospital. Federal regulators argue that the proposed acquisition would “substantially lessen competition for critical healthcare services” along the I-680 corridor, which spans parts of California’s Contra Costa and Alameda Counties. A … Read more