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Johnson and Johnson completes merger with troubled artificial hip maker

Johnson & Johnson has completed its acquisition of Synthes, Inc. and will integrate Synthes with its subsidiary DePuy Orthopaedics to establish the DePuy Synthes Companies of Johnson & Johnson. The deal was sealed with $19.7 billion in cash and stock. “The completion of the Synthes acquisition creates the world’s most innovative and comprehensive orthopaedics business and reflects our long-standing strategy of leadership within attractive health care markets,” said Alex Gorsky, Chief Executive Officer, Johnson & Johnson. “The combination of these two respected leaders — Synthes and DePuy — will enable us to better serve clinicians and patients worldwide, bring new ... Read More