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Depuy Synthes

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J&J Announces Spin-Off of Orthopedics Division Amid Earnings Drop

Originally Published 2 months ago — by Investor's Business Daily

Featured image for J&J Announces Spin-Off of Orthopedics Division Amid Earnings Drop
Source: Investor's Business Daily

Johnson & Johnson announced plans to spin off its orthopedics division into a new company called DePuy Synthes, aiming to focus on other healthcare sectors; the company reported strong Q3 earnings with sales beating estimates and raised its full-year sales guidance, with the separation expected to complete in 18-24 months.

Johnson & Johnson to Spin Off Orthopedics Division

Originally Published 2 months ago — by MassDevice

Featured image for Johnson & Johnson to Spin Off Orthopedics Division
Source: MassDevice

Johnson & Johnson announced plans to spin off its DePuy Synthes Orthopaedics business to enhance focus and growth, creating a standalone orthopaedics company expected to be the largest in its field, with a strategic move aimed at boosting margins and market share, led by newly appointed president Namal Nawana.