FTC, Idaho Attorney General Challenge Health System Acquisition
March 12—The Federal Trade Commission and the Idaho Attorney General seek to challenge St. Luke’s Health System’s acquisition of Idaho's largest independent, multispecialty physician practice group, Saltzer Medical Group.
According to the complaint, with the acquisition, Saltzer could demand higher rates for healthcare services provided by primary care physicians in Nampa, Idaho, and surrounding areas, with nearly 60 percent of market share. The deal could then lead to higher costs for healthcare consumers, according to the complaint.
The acquisition, effective Dec. 31, 2012, transferred to St. Luke’s the power to negotiate health plan contracts on Saltzer’s behalf and to establish rates and charges for services provided by Saltzer physicians. The not-for-profit, Boise-based St. Luke’s owns and operates six hospitals. Before acquisition, for-profit Saltzer was one of the state’s largest independent physician-owned multispecialty groups in the area.
Publication Date: Tuesday, March 12, 2013