J&J & Synthes Ink $21.3B Deal
J&J will merge Synthes with its DePuy operations, creating an organization that would own nearly 28 percent of the orthopedic device market.
Johnson & Johnson has agreed to buy the device maker Synthes for about $21.3 billion. It's the company's largest deal ever, and analysts have said that Synthes is a good fit for J&J, offering products and market share in the bone-repair category.
J&J will merge Synthes with its DePuy operations, creating an organization that would own nearly 28 percent of the orthopedic device market, more than twice that of second-place device maker Stryker. Plus, Synthes has almost half of the trauma market, Bloomberg points out. J&J has cited a 6.4 percent annual growth figure for the orthopedic segment of the device industry--an impressive figure, considering the slowing growth in the branded-drugs business.
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