Two health-care firms got a green light to merge.
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American Hospital Supply said its proposed merger with Hospital Corp. of America has been cleared by the antitrust division of the Justice Department. American and HCA reached a definitive agreement March 31 for a merger that would create the largest health-care company in the nation. But the proposal still must be approved by the stockholders of both companies and could be thwarted by a competing offer from Baxter Travenol Laboratories. The merger between American and HCA would be worth about $35 a share for American’s stockholders.
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