Financial & Business, OEM News

J&J Closes $13.1B Deal for Shockwave Medical

The transaction broadens the company’s market share in cardiovascular intervention.

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By: Sam Brusco

Associate Editor

Johnson & Johnson has completed its acquisition of Shockwave Medical. Shockwave will now operate as a Johnson & Johnson MedTech business unit.
 
The $13.1 billion deal was first revealed in April 2024.
 
The transaction broadens the company’s market share in cardiovascular intervention. Shockwave adds the first, only intravascular lithotripsy (IVL) platform for coronary artery disease (CAD) and peripheral artery disease (PAD) to the company’s portfolio. It also complements J&J MedTech’s position in heart recovery (Abiomed) and electrophysiology (Biosense Webster).
 
Shockwave will become J&J MedTech’s thirteenth priority platform, defined by yearly sales of at least $1 billion. The company anticipates the transaction to be accretive to operating margin but dilute adjusted earnings per share (EPS) by about $0.10 in 2024 and about $0.17 in 2025.
 
Joaquin Duato, chairman and CEO of Johnson & Johnson, said, “Through Innovative Medicine and MedTech, Johnson & Johnson is transforming the trajectory of cardiovascular disease, one of the leading causes of death globally. We are delighted to welcome the Shockwave team to Johnson & Johnson and look forward to bringing their innovative IVL technology to more patients around the world.”
 
Tim Schmid, executive VP and worldwide chairman of Johnson & Johnson MedTech, added, “Completing this acquisition is a significant milestone in the expansion of our leadership position in the medtech industry. Shockwave’s differentiated solutions and robust pipeline represent an exciting opportunity for Johnson & Johnson MedTech to bring more innovations to patients in one of the largest areas of unmet medical need. We are excited to begin collaborating directly with the Shockwave team and look forward to a bright future together.”

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