FTC Complaint For Temporary Restraining Order & Preliminary Injunction Against Merger Of Jefferson Health & Albert Einstein Healthcare Network

On February 27, 2020, the Federal Trade Commission and the Commonwealth of Pennsylvania entered a stipulated temporary restraining order and granted a preliminary injunction enjoining Defendant Thomas Jefferson University (Jefferson) and Defendant Albeit Einstein Healthcare Network from finalizing their proposed merger. Jefferson and Einstein entered a System Integration Agreement dated September 14, 2018, whereby Jefferson would become the sole member of Einstein and the ultimate parent entity of Einstein. However, due to the depth of both entities, the transaction would substantially lessen competition in the market for inpatient acute rehabilitation services in the Philadelphia Area . . .