M&A Deal Summary

Johnson & Johnson Acquires Cordis

On November 7, 1995, Johnson & Johnson acquired medical products company Cordis for 1.8B USD

Acquisition Highlights
  • This is Johnson & Johnson’s 3rd transaction in the Medical Products sector.
  • This is Johnson & Johnson’s 12th largest (disclosed) transaction.
  • This is Johnson & Johnson’s 4th transaction in the United States.
  • This is Johnson & Johnson’s 1st transaction in Florida.
Investment Fate
  • Cordis was divested to a consortium of strategic buyers in 2015 for 1.9B USD.
  • Cordis was divested to a consortium of buyers in 2021 for 1.0B USD.

M&A Deal Summary
Date 1995-11-07
Target Cordis
Sector Medical Products
Buyer(s) Johnson & Johnson
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target

Cordis

Miami Lakes, Florida, United States
website
Cordis is a provider of cardiovascular and endovascular medical devices. Founded in 1966, the Company has a long history of innovation in high-quality and minimally-invasive cardiovascular technology. Its products are primarily used in procedures to diagnose and treat the narrowing or blockage of arteries. The Company is a U.S. company with a primary corporate office in Miami Lakes, Florida, manufacturing facilities in the U.S. and Mexico and sales in over 50 countries around the world.

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Buyer(S) 1

Buyer

Johnson & Johnson

New Brunswick, New Jersey, United States

website

Category Company
Founded 1886
Sector Consumer Products
Employees132,000
Revenue 85.2B USD (2023)
DESCRIPTION
Johnson & Johnson's corporate headquarters in New Brunswick, New Jersey.
Johnson & Johnson's corporate headquarters in New Brunswick, New Jersey.

Johnson & Johnson is a global healthcare conglomerate that operates across three primary sectors: Pharmaceuticals, Medical Devices, and Consumer Health. In Pharmaceuticals, it develops treatments for a variety of conditions, including immunology, oncology, and infectious diseases. The Medical Devices segment offers a range of equipment and devices for healthcare professionals, encompassing orthopedics, surgery, and cardiovascular care. Its Consumer Health division markets a wide array of products, spanning baby care, oral care, skin care, over-the-counter drugs, and women's health, with popular brands such as Band-Aid, Tylenol, and Neutrogena under its umbrella. Johnson & Johnson was formed in 1886 and is based in New Brunswick, New Jersey.

DEAL STATS #
Overall 4 of 43
Sector (Medical Products) 3 of 16
Type (Add-on Acquisition) 3 of 34
State (Florida) 1 of 1
Country (United States) 4 of 36
Year (1995) 1 of 1
Size (of disclosed) 12 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-09-07 Eastman Kodak - Diagnostics Products Division

Rochester, New York, United States

Eastman Kodak - Diagnostics Products Division is a producer of machines that can run hundreds of chemical tests an hour.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Eastman Kodak - Diagnostics Products Division

Rochester, New York, United States

Eastman Kodak - Diagnostics Products Division is a producer of machines that can run hundreds of chemical tests an hour.

Sell -
Mergr

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