FTC Upholds Subpoenas Filed Against Hospitals Phoebe/Palmyra Merger
Press release from the issuing company
Friday, March 18th, 2011
The Federal Trade Commission has posted documents relating to Phoebe Putney Health System's purchase of Palmyra Medical Center that show that civil investigation actions have been taken including the issuance of subpoenas against both hospitals.
On the FTC website is a letter from the commission denying a request to quash a subpoena filed in relation to the buyout filed March 10.
Subpoenas were issued as part of an ongoing preliminary antitrust investigation, the letter states.