Novant $320M merger proposal given one more stamp of finality

Published July 28, 2024 10:13am ET



(The Center Square) – Another stamp of finality, this one from a federal court, has been given to Novant Health’s proposed $320 million merger with Lake Norman regional Medical Center and Davis Regional Psychiatric Hospital.

The injunction sought by the Federal Trade Commission had already been granted June 18, and in response Novant said it would discontinue pursuit of the deal. This week, the 4th U.S. Circuit Court of Appeals granted an FTC motion erasing the June 5 opinion of U.S. District Judge Kenneth Bell.

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