Abbott Medical Optics Acquired By Johnson & Johnson For $4.325B

Abbott Medical Optics, which was based in Santa Ana, California, has been acquired by Johnson & Johnson, in a deal worth $4.325 billion in cash, the two said this morning. The deal had originally been announced in September. The company will be renamed Johnson & Johnson Vision (J&J Vision). Johnson & Johnson said the acquisition includes ophthalmic products in three areas of patient care: cataract surgery, laser refractive surgery and consumer eye health.