Johnson & Johnson (JNJ) New CEO's Takeover Watch Spans Edwards Lifesciences (EW)'S to St. Jude Medical (STJ): Real M&A
5/1/2012 8:14:08 AM
Johnson & Johnson (JNJ)’s pursuit of growth through acquisitions could put companies from Edwards Lifesciences Corp. (EW) to St. Jude Medical Inc. on its wish list. A year after J&J announced the biggest acquisition in its 126-year history, newly appointed Chief Executive Officer Alex Gorsky is now looking to takeovers to bolster the medical-device unit with products such as heart valves, according to an interview last week with Bloomberg News. J&J’s own cardiovascular sales have fallen for five straight years, the only business in its medical device division to shrink.