08:53 AM EDT, 05/29/2024 (MT Newswires) -- Health care stocks were flat to lower premarket Wednesday as the Health Care Select Sector SPDR Fund (XLV) was unchanged and the iShares Biotechnology ETF (IBB) was recently down 0.2%.

SurModics ( SRDX ) rallied past 20% after saying it has agreed to be acquired by affiliates of private equity firm GTCR for $43 per share in cash for a total equity valuation of about $627 million.