FTC ready to hold Phoebe hearing - WALB.com, Albany News, Weather, Sports

FTC ready to hold Phoebe hearing

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Manhole overflowing at Lenox Dr. and W. Oglethrope

    Manhole overflowing at Lenox Dr. and W. Oglethrope

    Saturday, April 19 2014 7:24 PM EDT2014-04-19 23:24:01 GMT
    Be careful if your traveling near the intersection of Lennox Drive and West Oglethrope Ave. A manhole is overflowing releasing nearly 25 gallons of water a minute. City officials says the undergroundMore >>
    Be careful if your traveling near the intersection of Lennox Drive and West Oglethrope Ave. A manhole is overflowing releasing nearly 25 gallons of water a minute. More >>
  • NAACP holds rib dinner

    NAACP holds rib dinner

    Saturday, April 19 2014 6:30 PM EDT2014-04-19 22:30:16 GMT
    The Albany-Dougherty County NAACP is giving back to the community through food.   They sold $6 rib plates to the public at their headquarters on North Magnolia Street. The NAACP's Vice President and DoughertyMore >>
    The Albany-Dougherty County NAACP is giving back to the community through food.   They sold $6 rib plates to the public at their headquarters on North Magnolia Street. The NAACP's Vice President and DoughertyMore >>
  • Churches organize Easter parade

    Churches organize Easter parade

    Saturday, April 19 2014 6:19 PM EDT2014-04-19 22:19:55 GMT
    Several Southwest Georgia churches didn't let the rain stop them from celebrating Easter.   The Evangelical Faith Vision Ministries organized the "Parade for Righteousness" today along Pine Avenue. TheMore >>
    Several Southwest Georgia churches didn't let the rain stop them from celebrating Easter.   The Evangelical Faith Vision Ministries organized the "Parade for Righteousness" today along Pine Avenue. TheMore >>
ALBANY, GA (WALB) -

The Federal Trade Commission is now ready to resume its fight to block Phoebe Putney's purchase of Palmyra Medical Center. The FTC hopes a hearing on the buyout will be held by July.

The agency challenged the sale of the hospital two years, claiming it would create an illegal monopoly and drive up health care prices.

 The hearing process was put on hold while Phoebe argued in federal court that Georgia law exempts state-related agencies such as hospital authorities from federal antitrust laws.

 Last month the US Supreme Court ruled Georgia law offers no such exemption. The FTC now says it will continue to challenge the purchase and says that process needs to be completed quickly since Phoebe has already taken over management of what is now called Phoebe North.

Phoebe Putney issued this statement-

"Our attorneys have been notified of the order to lift the stay. This was expected as a part of this process. Matters now move into a resumption of the discovery process in preparation for a hearing. We look forward to demonstrating the substantial benefits that have accrued and will accrue to the community we serve as a result of this acquisition by the Authority," stated Tommy Chambless, Phoebe's general counsel.

 

Copyright 2013 WALB.  All rights reserved.

Powered by WorldNow