• FTC Challenges Consummated Acquisition Previously Approved by Bankruptcy Court
  • December 28, 2010 | Authors: Damon J. Kalt; Richard C. Park
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson LLP - Washington Office
  • 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.