FTC approves final order imposing conditions on Össur Hf’s acquisition of College Park Industries
Topics: FTC ÖSSUR HF COLLEGE PARK INDUSTRIES
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. ■