Dr. Smith led the economic analysis of a merger of two major hospital systems, both of which were anchored by top academic medical centers. The high-profile merger was the focus of a year-long FTC investigation. Dr. Smith’s work demonstrated that, although the merging hospital system networks were adjacent to one another and competed to some degree in providing certain high-end services, any loss of competition would likely be minimal compared to the transaction’s efficiency benefits, which included cost reductions and quality improvements. The transaction was cleared without remedies in late 2020.

Experts Involved