Johnson & Johnson buys Abbott Medical Optics for $4.3B

September 16, 2016 7:26 PM

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Johnson & Johnson (JNJ) said Friday it is buying Abbott Medical Optics, an eye-care unit of Abbott Laboratories (ABT), for $4.3 billion in cash.

The deal adds additional ophthalmic products to Johnson & Johnson's lineup including cataract surgery, laser refractive surgery and consumer eye health. J&J is one of the largest players in the global health care market with a variety of products including consumer products like contact lenses, phar...

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