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Cross-Market Mergers: Theories of Harm and Limiting Principles

BY | May 31, 2023

Several studies find evidence of systematic price increases following specific types of “cross-market” hospital mergers and acquisitions—meaning combinations of hospitals that are too far apart to be close substitutes or…

Several studies find evidence of systematic price increases following specific types of “cross-market” hospital mergers and acquisitions—meaning combinations of hospitals that are too far apart to be close substitutes or in the same relevant antitrust market. The literature on cross-market healthcare mergers continues to grow, and antitrust agencies have in recent years investigated transactions on the basis of cross-market concern. As yet, however, no agency has fully litigated a cross-ma

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