Plan to Sell ATI Medical Prompts Rival to Sue
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ATI Medical Inc. said a rival has filed a lawsuit to challenge the proposed purchase of ATI by a subsidiary of Mediq Inc. as anti-competitive.
Kinetic Therapeutic Services Inc. filed the suit in federal court in San Antonio, Tex., seeking to block the proposed $22-million purchase of ATI by Mediq/PRN Life Support Services Inc. ATI, which has executive offices in Glendale and Las Vegas, and the other companies all rent medical equipment to health-care facilities.
In its complaint, Kinetic claimed that the merger “would substantially lessen competition and tend to create a monopoly” in the market for rented life-support and critical-care equipment, ATI said.
ATI termed the suit “without merit” and said the company would “vigorously oppose it.”
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