On December 1, the Federal Trade Commission (“FTC”) issued an administrative complaint challenging Laboratory Corporation of America’s (“LabCorp”) consummated acquisition of rival Westcliff Medical Laboratories, Inc. (“Westcliff”). The FTC alleged that the acquisition, which was completed in June, would substantially lessen competition among providers of capitated clinical laboratory testing services to physician groups in Southern California.
USA, Competition & Antitrust, Insolvency & Restructuring, Fried Frank Harris Shriver & Jacobson LLP, Bankruptcy, Intermediate scrutiny, Federal Trade Commission (USA), Health maintenance organization, Administrative law judge, United States bankruptcy court