US FTC sues to block private equity buy of medical company [Yahoo! Finance]

Surmodics, Inc. (SRDX)
Last surmodics, inc. earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
surmodics.gcs-web.com/investor-overview
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Source: Yahoo! Finance
by private equity firm GTCR, saying the deal would contribute to high healthcare costs. The FTC said the deal would give the combined company more than 50% of the market for suppliers of hydrophilic coatings used to smooth surgical and internal medical devices such as catheters. The competition between Surmodics and GTCR portfolio company Biocoat has driven innovation and lowered prices for the product, the FTC said. The merger is the first the FTC has sought to block under President Donald Trump's administration, which has said lowering consumer costs is a priority. FTC Chairman Andrew Ferguson said on social media site X that the merger would have contributed to already high healthcare costs. "The Trump-Vance FTC will work every day
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News
- Surmodics Announces Publication of TRANSCEND Trial, Highlighting Drug-Delivery Technology of its SurVeil™ Drug-Coated Balloon [Yahoo! Finance]Yahoo! Finance
- Surmodics Announces Publication of TRANSCEND Trial, Highlighting Drug-Delivery Technology of its SurVeil™ Drug-Coated BalloonBusiness Wire
- Illinois, Minnesota join FTC challenge against $627M Surmodics buyout [Yahoo! Finance]Yahoo! Finance
- Surmodics Announces Commercial Release of Pounce™ XL Thrombectomy System, Enabling Rapid Non-Surgical Clot Removal in Iliac and Femoral Arteries [Yahoo! Finance]Yahoo! Finance
- Surmodics Announces Commercial Release of Pounce™ XL Thrombectomy System, Enabling Rapid Non-Surgical Clot Removal in Iliac and Femoral ArteriesBusiness Wire
SRDX
Earnings
- 5/1/24 - Beat
SRDX
Sec Filings
- 3/21/25 - Form SCHEDULE
- 3/19/25 - Form SCHEDULE
- 3/7/25 - Form 8-K
- SRDX's page on the SEC website