“Your input was shared with the attorneys in our office who were in the midst of conducting a thorough review of this proposed affiliation.“ – North Carolina Attorney General’s office Last month, Checks & Balances Project (C&BP) asked the Federal Trade Commission (FTC) to review the proposed, $11.5 billion merger between Sentara Healthcare and… Read more »
Checks & Balances Project Files Complaint With IRS Asking for an Investigation Checks and Balances Project (C&BP) has filed a complaint with the IRS asking the agency to investigate and, depending on the findings of that investigation, possibly remove Sentara Healthcare’s nonprofit, tax-exempt status. Here is the Memorandum in Support. C&BP has exposed Sentara’s unclear… Read more »
An investigation by Checks & Balances Project exposed for regulators the company’s conflicts of interests, strong-arm tactics and potential overcharges of uninsured patients. Sentara Healthcare’s announcement Wednesday that it was no longer trying to merge with Cone Health of North Carolina follows a series of reports by Checks and Balances Project (C&BP) over the last… Read more »
24-hours Before Sentara Called Off the Merger, the $6 Billion Conglomerate Pledged $40 Million to Address “Health Disparities” Sentara Healthcare this morning called off its troubled $11.5 billion merger with Cone Health of North Carolina. According to statement on the Sentara website: “[W]e realized that each of our communities and key stakeholders require support and… Read more »
(UPDATE: Sentara announced their merger with Cone Health was cancelled on June 2. The statement said the decision to not go forward was made by the Sentara and Cone boards late the previous week. Sentara announced Layne’s hiring on May 27. What role if any did Layne have in the decision to not go forward… Read more »
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