John­son & John­son to buy Ab­bott’s vi­sion unit

Baltimore Sun - - BUSINESS MARYLAND - — As­so­ci­ated Press

John­son & John­son said Fri­day that it is pay­ing more than $4.3 bil­lion in cash to buy the eye health unit of Ab­bott Lab­o­ra­to­ries as it seeks to boost its vi­sion busi­ness.

Ab­bott Med­i­cal Op­tics makes lasers and other equip­ment used for cataract surg­eries and laser vi­sion cor­rec­tion pro­ce­dures. It also makes eye­drops and cleansers for con­tact lenses. Ab­bott Med­i­cal Op­tics posted sales of $1.1 bil­lion last year.

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