Johnson & Johnson plans to buy West Chester-based Synthes, and the deal may usher in future medtech investment, according to Reuters.
Johnson & Johnson's plan to buy Synthes for some $20 billion may mean more deals in the sector as rival medical technology firms try to bulk up in tough times, though antitrust issues are a hurdle.
A weak economy and high unemployment have hit sales of medical devices hard, since patients have to take time off and, in the United States, dig deep into their own pockets to help pay for procedures such as knee replacements.
As a result, more and more companies are looking at acquisitions as a way to add new avenues of growth.Source
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