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FTC Says Prosthesis Co. Merger Should Be Unwound

Law360, Washington (July 10, 2018, 7:14 PM EDT) -- The Federal Trade Commission urged an administrative law judge in opening statements Tuesday to undo a leading prosthetics manufacturer’s purchase of its smaller but highly competitive rival in the market for microprocessor-driven knees, a deal that allegedly threatens the “intense” competition between the companies that pushed prices downward.

Otto Bock HealthCare GmbH’s September acquisition of Freedom Innovations from private equity firm Health Evolution Partners should be nixed, FTC in-house attorney Daniel Zach said, because Otto Bock controls some 70 percent of the domestic market for microprocessor-driven...
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