The Federal Trade Commission (FTC) has approved a final order restoring competition for adult cardiology services in Reno, Nev.
Under the order, Renown Health, the largest provider of acute-care hospital services in northern Nevada, released its cardiologist employees from “noncompete” contract clauses, allowing up to 10 of them to join competing cardiology practices in the Reno area. The order settled FTC charges that Renown’s recent acquisition of two local cardiology groups reduced competition for adult cardiology services in the Reno area.
The commission vote approving the final order was five to zero. Members of the public were allowed to submit letters to members on the issue.
The FTC’s Bureau of Competition works with the Bureau of Economics to investigate alleged anticompetitive business practices and, when appropriate, recommends that the commission take law enforcement action.