Connect with us

Press Releases

J&J Completes Acquisition of Abbott Medical Optics

mm

Published

on

It was a $4.3B deal.

(Press Release) NEW BRUNSWICK, NJ – Johnson & Johnson (NYSE: JNJ) announced it has completed the acquisition of Abbott Medical Optics, a wholly owned subsidiary of Abbott.

The all-cash $4.325 billion acquisition was originally announced Sept. 16, 2016, and includes ophthalmic products in three areas of patient care: cataract surgery, laser refractive surgery and consumer eye health. These product lines will now join with the ACUVUE Brand Contact Lenses business, and the combined organization will operate under the brand name Johnson & Johnson Vision (J&J Vision).

“With the addition of AMO’s world-renowned ophthalmic surgery business, J&J Vision is poised to become a world leader in eye health,” said Ashley McEvoy, company group chairman, Johnson & Johnson Consumer Medical Devices. “Sight is precious, it’s the sense people fear losing the most. By bringing on board surgical solutions that are supported by the resources and global reach of Johnson & Johnson, we can improve and restore sight for more patients across the globe.”

At nearly $70 billion, eye health is one of the largest, fastest-growing and most underserved segments in healthcare today.

Advertisement

SPONSORED VIDEO

Shamir Glacier Plus Metaform: Stronger. Thinner. Lighter.

It’s time for a new compromise-free lens technology that completely changes our concept of what's possible. Glacier Plus™ Metaform enables customers to enjoy strength and safety alongside the aesthetics of thin and light lenses. Now Available: The next technical revolution in the world of optics.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Most Popular