E. GRADY JOLLY, Circuit Judge:
This appeal presents a question of Medicare reimbursement arising when Hermann Hospital ("Hermann") merged with Memorial Hospital System ("Memorial"), creating the Memorial Hermann Hospital System ("MHHS"). Following the merger, the Administrator for the Centers of Medicare and Medicaid Services ("Administrator") denied MHHS's request for a loss payment, pursuant to 42 C.F.R. § 413.134(l), holding the merger was not a bona...
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