Posts Tagged ‘Competition Bureau’
Tuesday, February 2nd, 2010

The Federal Trade Commission would get a $22.3 million funding increase under the president’s fiscal 2011 budget request sent to Congress on Monday. The approximately 7.6 percent increase would support the hiring of 40 new staffers, including 17 in the competition bureau.

Nine of the new full-time competition positions would be dedicated to review mergers in pharmaceutical, health care, energy and technology markets, according to the request.

The agency signaled that energy would be a key focus, with four additional staff members slated to review price manipulation in the petroleum market  and three new economists to focus on energy markets

Four additional positions would concentrate on enforcement in the pharmaceutical and tech sectors. The agency also asked for several new positions on its competition support staff, and one new member on its policy planning task force.

On the consumer protection side of the agency, the FTC asked for 23 new positions, to focus on financial services and health fraud, schemes that target “vulnerable Americans” and others.

The request also includes several new positions in the areas of privacy and data security, and mobile marketing and new media. The agency is currently reviewing Google’s acquisition of mobile advertising company AdMob. Critics of Google’s purchase have argued that the merger would decrease competition in the nascent market for advertising on mobile devices, but they have also said the deal raises concerns about consumer privacy that arise from combining Google’s vast data mines with those of AdMob.

Wednesday, December 23rd, 2009

The Federal Trade Commission has closed an investigation it had opened into a completed hospital merger in Texas, the agency announced today.

The agency closed its investigation into Scott & White Healthcare’s purchase of King’s Daughters Hospital in Temple, Texas, after it could not find an alternate buyer. “The unusual circumstances in this case called for an unusual and creative remedy,” said the FTC’s Competition Bureau Director, Richard Feinstein, in a statement about the investigation.

The deal had closed in April.

King Daughters, an acute care facility, was in poor financial health, and Scott & White planned to turn it into a children’s hospital.

The commission, along with the Texas Attorney General’s office, stepped in, arguing that the merger eliminated the only independent competitor to Scott & White in one Texas county.

In order to address the agencies’ concerns, Scott agreed to offer to sell King to another interested hospital chain.

The other potential buyer, the Seton Family of Hospitals, declined the offer, citing King’s deteriorating condition since the merger.

The FTC then closed its investigation.