This episode of EconWorks looks at one of the most important recent tests of serial acquisition enforcement: the FTC's lawsuit against U.S. Anesthesia Partners.
The conversation looks at:
Rollups in healthcare
Definition of the market,
Leverage in negotiations,
Consolidation economics,
and the challenge of reestablishing competitiveness once markets have already changed due to past acquisitions.
Significant legal and economic issues remain unsolved because the parties settled the case before the trial.
Read the full article and graphic analysis:
The Anesthesia Rollup That Settled Before Trial
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In April 2026, the FTC quietly settled one of the most important healthcare antitrust cases in recent years.
