Date Announced: 27 Feb 2017
Johnson & Johnson Vision will reach more patients globally with expansion into cataract surgery.
NEW BRUNSWICK, N.J., Feb. 27, 2017 /PRNewswire/ -- Johnson & Johnson (NYSE: JNJ) today announced it has completed the acquisition of Abbott Medical Optics (AMO), 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 world-leading ACUVUE® Brand Contact Lenses business, and the combined organization will operate under the brand name Johnson & Johnson Vision (J&J Vision).
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