Wire · operational-macro
Below The Threshold, Not Above The Law: FTC Cracks Down On HSR Avoidance
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Fusion42 · 24 July 2026 · Fusion42 review
The FTC secured a record $12 million penalty against Edwards Lifesciences and Genesis MedTech for structuring a medical device acquisition to avoid Hart-Scott-Rodino premerger reporting requirements. This signals aggressive enforcement against deal structuring designed to stay below HSR thresholds, particularly in concentrated sectors like medical devices.
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◆ ◆ The Wire takeaway
If you're structuring a deal in medical devices, healthcare, or tech that stays just under the HSR threshold, the FTC now has a $12 million precedent to chase you with - and they're proving they'll reverse the deal itself, not just fine the delay. Reframe your acquisition as a single transaction, or assume you'll fight in court.
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