FTC approves final order imposing conditions on Össur Hf’s acquisition of College Park IndustriesChristian Fernsby ▼ | May 29, 2020
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.
College Park Össur Hf
Topics: FTC Össur Hf College Park Industries
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. ■