Health reform could boost mergers in device sector, J&J exec says

11/12/2009 | Wall Street Journal, The

The medical-device industry is likely to see more mergers and acquisitions if the proposed industry tax in a health reform bill "puts more pressure on smaller med-tech companies," said Dominic Caruso, Johnson & Johnson's chief financial officer. Speaking at a conference, Caruso said the company plans to continue acquiring device firms as well as pursue buyouts and partnership deals in the field of consumer health products and pharmaceuticals.

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