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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-10-27T16:25:00
It’s no secret the U.S. healthcare competition system has significant flaws. Where the debate exists is in determining the source of the issues and how to fix them, according to a senior Department of Justice (DOJ) official.
Deputy Assistant Attorney General Andrew Forman of the DOJ’s Antitrust Division said in a speech delivered Thursday that while he believes antitrust enforcement is a critical part of the solution to fix the country’s healthcare competition woes, “It is not a magic potion to cure all the competitive ills of the healthcare industry.” He noted in his remarks how of the more than 3,000 comments the agency’s recent draft merger guidelines received, some of the most striking regarded personal comments around healthcare from workers in the space, patients, and companies.
“[T]here is little doubt that key aspects of competition in the healthcare industry are broken,” Forman said. “The system has real competitive problems, and these problems impact real people in real ways.”
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2023-12-18T20:48:00Z By Kyle Brasseur
A long-running initiative by the Department of Justice and Federal Trade Commission to modernize their joint merger guidelines reached its conclusion, following tens of thousands of public comments.
2023-09-21T20:38:00Z By Kyle Brasseur
The Department of Justice is gearing up to provide more guidance on voluntary self-disclosures in the mergers and acquisitions space and the role compliance should play.
2023-07-19T21:39:00Z By Kyle Brasseur
New draft merger guidance put forward by the Department of Justice and Federal Trade Commission continues the agencies’ joint mission to modernize antitrust enforcement.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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