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FTC Tells Medtronic To Sell Intersect ENT Subsidiary To Avoid Monopoly

 
• By Elizabeth Orr

The move removes all regulatory roadblocks to Medtronic’s $1.1bn acquisition of Intersect ENT, which was announced in August 2021.

FTC building, Washinton, DC / USA - April 22 2019: The north facade of the Federal Trade Commission building with carved sculpture above an enterence.
• Source: Shutterstock

[Editor's Note: On 30 June, the US Federal Trade Commission approved a final orderresolving the antitrust issues raised in Medtronic's acquisition of Intersect. Hemostasis closed the acquisition of Fiagon on 13 May.]

Medtronic plc has agreed to sell Fiagon AG, a subsidiary of Intersect ENT that makes ear, nose, and throat navigation systems and balloon sinus dilation products, to avoid a monopoly on the products, the US Federal Trade Commission

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