STAT+: New Jersey hospitals scrap merger after FTC challenge

Two New Jersey hospital systems have called off their proposed merger less than two weeks after the FTC sued to block the deal.

Two New Jersey hospital systems have called off their proposed merger less than two weeks after the Federal Trade Commission sued to block the deal.

Saint Peter’s Healthcare System said in a statement Tuesday that it “will not move forward” with its proposed transaction with RWJBarnabas Health and is now “assessing the best way to move forward.”

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