Johnson & Johnson Acquires Abbott Medical Optics

Johnson & Johnson Vision Care Inc. has acquired Abbott Medical Optics for $4.33 billion in cash.

The acquisition includes ophthalmic products in the cataract surgery, laser refractive surgery and consumer eye health areas of patient care. These product lines will now join with the ACUVUE contact lenses business, operating under the umbrella of Johnson & Johnson Vision.

Johnson & Johnson Vision Care is a manufacturer of disposable contact lenses. Abbott Medical Optics is an ophthalmic medical supply company.