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Novant Health drops deal to buy NC hospitals

CHARLOTTE — Novant Health is no longer pursuing its proposed, $320 million acquisition of two North Carolina hospitals, citing continued opposition from federal regulators.

The health-care giant had planned to buy Lake Norman Regional Medical Center and Davis Regional Medical Center from Franklin, Tennessee-based Community Health Systems.

The 123-bed Lake Norman Regional is in Mooresville; 146-bed Davis Regional Medical Center is in Statesville.

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