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FTC Tougher on Pharmaceutical Mergers
The Federal Trade Commission (FTC) issued a report in January detailing its merger enforcement activity for horizontal mergers (those in which direct competitors seek to combine operations) in the years from 1996 to 2011. Of all types of industry mergers, those that received the most scrutiny were deals involving pharmaceuticals manufacturers. Of the 122 the FTC oversaw in those years, 119 ' nearly 100% ' were asked to alter their deals through some means, such as divestiture. In contrast, out of the 20 proposed hospital mergers during that period, only eight (40%) were subject to some form of FTC enforcement action.
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