Uncategorized
Johnson and Johnson to acquire Abbott Medical Optics for $4.325 billion
Johnson and Johnson announced that is has reached an agreement to acquire Abbott Medical Optics, a wholly owned subsidiary of Abbott Laboratories, for $4.325 billion in cash.According to a Johnson and Johnson press release, the acquisition will include ophthalmic products in cataract surgery, laser refractive surgery and consumer eye health, including over-the-counter drops for dry eye, solutions and cleaning systems for contact lenses, IOLs and advanced laser vision technologies. In 2015, Abbott Medical Optics reported sales of $1.1 billion.