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Johnson & Johnson Buys Shockwave Medical for 12 Billion

Johnson & Johnson announces the acquisition of Shockwave Medical for $13.1 billion, expanding its presence in cardiovascular intervention. Subject to shareholder and regulatory approval, the deal is expected to close in mid-2024. Shockwave will operate as a business unit within Johnson & Johnson MedTech. This move follows Johnson & Johnson’s strategy to bolster its presence in high-growth markets.




Johnson & Johnson has signed an agreement to acquire Shockwave Medical, a firm valued at $13.1 billion (12 billion euros), thus expanding the presence of the multinational led by the Spanish Joaquín Duato in the cardiovascular intervention segment and accelerating its transition to higher growth markets.

Under the terms of the transaction, which is expected to close in mid-2024 subject to approval by Shockwave shareholders as well as regulators, J &J will acquire all outstanding shares of Shockwave for $335 per share in effective, almost 5% more than the price marked at the end of yesterday’s session.

Upon completion of the transaction, which has been approved by the boards of directors of both companies, Shockwave shares will be delisted from the Nasdaq Global Select Market and the company will operate as a business unit within Johnson & Johnson MedTech.

In this sense, the multinational has specified that Michael Bodner will assume responsibility for the business once the transaction is completed, while Isaac Zacharias , who has been at Shockwave for 6 years and recently served as president and commercial director, will become global president of Shockwave. , reporting to Michael Bodner. For his part, Doug Godshall, president and CEO of Shockwave, will advise during the transition.

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Shockwave Medical Acquisition Follows Johnson & Johnson MedTech’s Purchases of Abiomed

The acquisition of Shockwave Medical follows Johnson & Johnson MedTech’s purchases of cardiac recovery specialist Abiomed and more recently Laminar.

“ The acquisition of Shockwave accelerates Johnson & Johnson MedTech’s continued efforts to increase its presence in high-growth markets ,” the company highlighted, adding that, upon closing of the transaction, Johnson & Johnson MedTech will be a leader in four cardiovascular segments. high growth.

“With our focus on innovative medicine and medical technology, Johnson & Johnson has a long history of fighting cardiovascular disease, the leading cause of death worldwide,” said Joaquín Duato, president and CEO of Johnson & Johnson, for who the acquisition of Shockwave and its technology provides a unique opportunity to accelerate the impact in cardiovascular intervention and drive greater value for patients, shareholders and healthcare systems.


(Featured image by  Marek Studzinski via Unsplash)

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.