FTC Sues Over GTCR-Surmodics Merger
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hydrophilic coatings sectorGlobalData
•Technology
Technology
FTC sues to block GTCR’s ‘unlawful acquisition’ of Surmodics

65% Informative
GTCR owns a majority stake in Biocoat , the second largest manufacturer of hydrophilic coatings used on devices such as catheters, while Surmodics is the space’s largest player.
FTC alleges that if the deal proceeds, the establishment of a combined company controlling more than 50% of the market would “significantly increase market concentration” in the sector, giving it “reason to believe” the acquisition would violate the 2023 Merger Guidelines.
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