FTC rejects Phoebe Consent Agreement deal

FTC rejects Phoebe Consent Agreement deal

The Federal Trade Commission has rejected a proposed consent agreement with Phoebe Putney, and the case will go back to the court system, the FTC announced Friday.

Deborah Feinstein, Director of the FTC's Bureau of Competition, spoke to the issue of a medical monopoly in Albany if Phoebe controlled the former Palmyra Park Hospital, which used to be owned by HCA. "Meaningful structural relief is needed to restore competition to this marketplace," she said.

Phoebe said that since it was owned by the hospital authority, it was exempt from anti-trust rules. However the US Supreme court ruled against them last year.

Click HERE for more details from the FTC.

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