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Wire · operational-macro

Below The Threshold, Not Above The Law: FTC Cracks Down On HSR Avoidance

Published

24 July 2026

Topic

operational-macro

Sectors

Digital Health

Geography

United States

Source

Read at mondaq.com

Verified

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.

This Wire brief sits within Fusion42's coverage of Digital Health. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.

◆ 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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Topics

Digital Healthhsr-reportingm-and-a-riskantitrust-enforcementdeal-structuremedical-devices