[ACC Note: On August 20, 2024, the U.S. District Court for the Northern District of Texas issued a nationwide permanent injunction barring enforcement of the FTC's Noncompete Rule. The FTC will likely appeal this decision to the U.S. Court of Appeals for the Fifth Circuit.]
On April 23, 2024, the U.S. Federal Trade Commission finalized a rule, by a vote of 3-2, abolishing the vast majority of employee covenants not to compete across the United States.
While certain health care providers will be exempted from the rule, many will not. As such, and if the rule survives legal challenge, health care industry participants should carefully consider how the rule will impact their recruitment and retention strategies going forward.
This resource was originally published on the website of Foley & Lardner LLP on April 26, 2024.
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