J&J to Buy Abbott’s Eye-Surgery Equipment Unit for $4.325 billion

September 16, 2016 5:37 PM

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J&J to Buy Abbott’s Eye-Surgery Equipment Unit for $4.325 billion

The all-cash deal comes amid a wave of mergers among medical-device companies

Abbott previously bought the business, then known as Advanced Medical Optics, for $2.8 billion, including debt, in 2009. Abbott is selling the business, now named Abbott Medical Optics, amid sluggish sales and as the Abbott Park, Ill., company has been doing deals in faster-growing device segments.

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