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Johnson & Johnson to Acquire AMO

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Johnson & Johnson has announced an agreement to acquire Abbott Medical Optics (AMO), a wholly owned subsidiary of Abbott Laboratories, for $4.33 billion in cash. The acquisition will include ophthalmic products for cataract surgery, laser refractive surgery and consumer eye health. "Eye health is one of the largest, fastest-growing and most underserved segments in health care today," said Ashley McEvoy, company group chairman. "With the acquisition of Abbott Medical Optics' strong and differentiated surgical ophthalmic portfolio, coupled with our world-leading Acuvue contact...Read full article

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