For Your Information
FTC Approves Final Order Preserving Competition in U.S. Markets for Two Types of Orthopedic Devices
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the $3.3 billion merger between Wright Medical Group, Inc. and Tornier N.V. would likely be anticompetitive.
Under the order, first announced in September 2015, the companies are required to sell Tornier’s U.S. rights and assets to its total ankle replacement products and total silastic toe joint replacement products–including intellectual property, manufacturing technology, and existing inventory–to Integra Lifesciences Corporation.
The Commission vote approving the final order was 4-0. (FTC File No. 151 0018; the staff contact is Aylin M. Skroejer, Bureau of Competition, 202-326-2459)
The Federal Trade Commission works to promote competition, and to protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can learn more about how competition benefits consumers, file an antitrust complaint, or comment on a proposed merger. For the latest news and resources, follow the FTC on social media, subscribe to press releases, and read our blog.
Contact Information
MEDIA CONTACT:
Betsy Lordan
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