A CRA expert was retained by merging parties in the pharmaceutical industry to verify merger efficiencies that were being claimed by management. CRA’s team worked with both firms to analyze and document the efficiencies analyses and verify the merger-specificity of the cost savings. For several efficiencies, CRA developed its own models of the projected cost savings. A CRA expert presented the findings to the FTC, and shortly afterward, the FTC entered into a settlement with the parties that allowed the merger to proceed while preserving the documented efficiencies.
Patients v. Hospitals: Why define markets at all if every market satisfies the SSNIP Test?
Hospital merger cases are won or lost on geographic market definition. The Third Circuit’s recent finding that it is appropriate to define geographic markets...