June 1, 2012 | last updated June 4, 2012 10:31 am

Jepsen won't block New Haven hospital merger

George Jepsen

Connecticut Attorney General George Jepsen announced Friday he won't seek to block the merger Yale-New Haven Hospital and The Hospital of Saint Raphael under the state's antitrust law.

Jepsen's office and the Federal Trade Commission investigated whether the merger would substantially lessen competition for medical services in the Greater New Haven area. Ultimately, the special situation surrounding the merger preventing Jepsen from seeking to block it.

"Based on the evidence developed during the investigation, and in light of the law applicable to these types of transactions - including taking into consideration St. Raphael's precarious financial condition and other expected efficiencies that will be realized through the acquisition - I have decided not to seek to block the merger under Connecticut's antitrust law," Jepsen said in a press release.

Yale agreed to Jepsen's request to maintain current levels of charitable healthcare and financial assistance, and provide the same level of service and assistance to patients receiving care on the St. Raphael's campus.

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