Johnson & Johnson buys Abbott Medical Optics

Johnson & Johnson buys the optical subsidiary of the Abbott Laboratories for 4.3 billion USD in cash portfolio.hu wrote.

The deal, which is expected to close in the first quarter of 2017, will be “modestly accretive immediately to adjusted earnings per share,” Johnson & Johnson said in its statement.

Given that “eye health is one of the largest, fastest growing and most underserved segments in health care today,” the acquisition will help J&J “become a more broad-based leader in vision care,” Ashley McEvoy, company group chairman, said in a statement. (portfolio.hu)