Description of Conduct
Little Company of Mary Health Care Ltd acquisition of St Vincent's Hospital Launceston Ltd.
Accepted that merger would generate cost savings that would be used to improve quality of service. Detriment limited by fact that one hospital likely to close within 2-5 years. In intervening period, countervailing power of health funds likely to restrict ability to raise prices. Commission took into account undertaking from applicant that would not sell merged hospital to for-profit hospital operator for three years.