Warren bill would block $40B+ companies making acquisitions: 5 things to know

A Senate anti-monopoly bill is in the works that could transform the health system landscape, reviewing past megamergers and banning them entirely for companies with revenue over $40 billion, Bloomberg reports.

Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., is drafting the proposal, according to the report. Here are five quick takeaways for healthcare leaders, based on the Bloomberg review of the draft bill:

1. Mergers that involve a company with annual revenues of $40 billion or more will be banned.

2. Mergers that involve companies with combined sales over $15 billion will be banned.

3. Some exceptions to this ban will include companies at risk of bankruptcy.

4. The legislation would also consider the effect a transaction would have on entrepreneurs, innovation, privacy and workers, banning, for example, noncompete and no-poaching agreements.

5. Bloomberg writes that the law will likely face significant hurdles in Congress.

https://www.beckershospitalreview.com/hospital-management-administration/warren-legislation-would-block-40b-companies-from-making-acquisitions-5-things-to-know.html

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