REUTERS

Johnson & Johnson Completes Acquisition of Abbott Medical Optics

Johnson & Johnson (No. 8 on the DiversityInc Top 50 Companies list) announced it has completed the acquisition of Abbott Medical Optics, a wholly-owned subsidiary of Abbott (No. 14)


The all-cash $4.325 billion acquisition was originally announced Sept. 16, 2016, and includes ophthalmic products in three areas of patient care: cataract surgery, laser refractive surgery and consumer eye health. These product lines will now join with the world-leading ACUVUE Brand Contact Lenses business, and the combined organization will operate under the brand name Johnson & Johnson Vision (J&J Vision).

“With the addition of AMO’s world-renowned ophthalmic surgery business, J&J Vision is poised to become a world leader in eye health,” said Ashley McEvoy, Company Group Chairman, Johnson & Johnson Consumer Medical Devices. “Sight is precious, it’s the sense people fear losing the most. By bringing on board surgical solutions that are supported by the resources and global reach of Johnson & Johnson, we can improve and restore sight for more patients across the globe.”

At nearly $70 billion, eye health is one of the largest, fastest-growing and most underserved segments in healthcare today.

Latest News

Dow Named Among Derwent Top 100 Global Innovators in 2020

Originally posted on Dow.com Dow announced it was named among the Derwent Top 100 Global Innovators by Clarivate Analytics in its 2020 report. The annual report identifies and celebrates the world’s most innovative organizations that successfully develop valuable patented inventions that also have strong commercialization potential based on market reach…

Hilton

How Do You Become the #1 Best Company to Work For? Ask Hilton – They Just Did It for the Second Year in a Row

Originally posted on Hilton.com Hilton earns the top spot on prestigious list of U.S. employers two years running Hilton has been recognized for its extraordinary workplace culture, earning the highest honor on the prestigious 2020 Fortune Best Companies to Work For® in the U.S. list for the second consecutive year. Hilton is the…

AIG Insurance Careers Month

In honor of the 5th Annual Insurance Career’s Month, AIG is proudly showcasing its dedicated employees. Throughout the month of February, several “Up Close” features have been created following the 2020 themes of philanthropy, diversity and inclusion and insurance as a purpose-driven industry. Priya Kumar from the Investments team shares her…

LGBTQ diversity

More LGBTQ+ Employees Comfortable Expressing Sexuality, Gender at Work

There have been significant strides in LGBTQ diversity and inclusion in the workplace nationally and globally. For example, according to the Human Rights Campaign report, A Workplace Divided: Understanding the Climate for LGBTQ Workers Nationwide, 46% of LGBTQ workers say they are closeted at work, compared to 50% in Human Rights Campaign Foundation’s 2008 Degrees of…

Wells Fargo’s Gigi Dixon Contributes Black History Month Piece to Business Insider

Georgette “Gigi” Dixon is senior vice president and senior director of external relations for national constituents at Wells Fargo. In this role, she leads and coordinates Wells Fargo’s engagement and outreach to national non-government organizations and key stakeholders with the goal of promoting Wells Fargo’s policy priorities. She published a…