Johnson & Johnson to buy Abbott’s vision unit
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.