Surmodics expects to close GTCR acquisition after FTC drops appeal

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Surmodics Announces FTC Does Not Intend to Appeal Denial of Injunction, Order Preventing Closing Set to Expire Today

November 17, 2025 6:00 AM EST

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)-- Surmodics, Inc. (Nasdaq: SRDX) (Surmodics or the Company), a leading provider of medical device and in vitro diagnostic technologies to the health care industry, today announced that it expects to close its previously announced acquisition (the Merger) of the Company by an affiliate of GTCR LLC (GTCR) promptly. In a joint status report filed with the United States District Court for the Northern District of Illinois (the District Court), the Federal Trade Commission (FTC) and certain state regulators (Plaintiffs) stated that they do not intend to appeal the November 10, 2025 ruling by the District... More