GTCR Affiliate Acquires Surmodics, Inc.

November 10, 2025

Surmodics announced that a U.S. district court denied the FTC and certain state regulators’ request for a preliminary injunction to block the company’s proposed acquisition by an affiliate of GTCR. Surmodics said the merger remains subject to a temporary restraining order and customary closing conditions, with the company expecting to move toward closing promptly.

Buyers
GTCR LLC
Targets
Surmodics, Inc.
Sellers
United States Federal Trade Commission (FTC), certain state regulators
Industry
Medical Devices
Location
Minnesota, United States
Transaction Type
Buyout

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