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US: Failed FTC antitrust challenge leads to ‘shocking’ fees for St. Luke’s

 |  March 19, 2014

St. Lukes’ failed challenge to the Federal Trade Commission’s ruling that the healthcare group broke antitrust law in its merger with a medical group has lead to a “shocking” legal bill for the company, reports say.

St. Luke’s expressed the shock at the $10 million bill for the case. The group lost its appeal of an FTC decision that found St. Lukes’ 2012 merger of Saltzer Medical Group unlawful. US District Judge B Lynn Winmill ruled in favor of the FTC earlier this year.

While St. Luke’s said it will appeal Judge Winmill’s ruling as well, reports say among the legal costs for the company are an $8.1 million fee requested by Saint Alphonsus Health System, which fought the merger alongside the FTC. According to Saint Alphonsus, outside lawyers for the company spent more than 18,000 hours on the lawsuit.

Full Content: Insurance News Net

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