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.
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.
The Commission vote to approve the final order was 4-0-1, with Commissioner Rebecca Kelly Slaughter not participating.
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