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FTC approves final order imposing conditions on Össur Hf’s acquisition of College Park Industries

Christian Fernsby |
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Össur Hf’s proposed acquisition of College Park Industries, Inc. would violate federal antitrust law.

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According to the complaint, which was first announced in April 2020, the transaction would likely harm U.S. customers of myoelectric elbows.

College Park is a leading supplier in the highly concentrated U.S. market for these devices. Iceland-based Össur is developing its own myoelectric elbow which, absent the proposed acquisition, would likely compete with College Park’s myoelectric elbows.

The order requires Michigan-based College Park to divest all assets of its myoelectric elbow business to Hugh Steeper Ltd, a prosthetics company based in the United Kingdom and San Antonio, Texas.

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