J&J in Talks to Sell Orthopedics Unit to Apollo for $20 Billion
· Business · Yahoo Finance, Wall Street Journal
Johnson & Johnson is reportedly in discussions to sell its hips-and-knees medical device business to private equity firm Apollo Global Management for approximately $20 billion. The potential divestiture marks a major strategic shift for the healthcare giant as it looks to streamline its portfolio. Neither company has issued a formal statement confirming the final terms of the transaction. Negotiations remain ongoing and could be subject to regulatory and financial adjustments.
Why it matters
The multibillion-dollar deal will reshape the global orthopedic device market and alter Johnson & Johnson's core business focus.
Read the original report — Yahoo Finance
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