{"id":17898,"date":"2021-11-12T09:56:43","date_gmt":"2021-11-12T17:56:43","guid":{"rendered":"https:\/\/marketdepth.com\/?p=17898"},"modified":"2021-11-17T09:21:30","modified_gmt":"2021-11-17T17:21:30","slug":"johnson-johnson-announced-friday-that-it-plans-to-split-its-consumer-products-division-from-its-pharmaceutical-and-medical-device-business","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/johnson-johnson-announced-friday-that-it-plans-to-split-its-consumer-products-division-from-its-pharmaceutical-and-medical-device-business\/","title":{"rendered":"Johnson &#038; Johnson Announced Friday that it Plans to Split its Consumer Products Division from its Pharmaceutical and Medical Device Business"},"content":{"rendered":"\n<p><strong>Johnson &amp; Johnson (NYSE: JNJ)<\/strong> announced Friday that it plans to split its consumer products division from its pharmaceutical and medical device business, by creating separate publicly traded companies for each. Similarly, other companies such as Toshiba and General Electric have made similar announcements, as corporations receive pressure to simplify.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Separating Businesses<\/h5>\n\n\n\n<p>The parting will separate J&amp;J\u2019s household products unit, maker of Band-Aid bandages, Aveeno and Neutrogena skin care products, and Listerine from its other expanding unit, which produces a Covid-19 vaccine as well as drugs and medical devices.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large\"><p>\u201cFollowing a comprehensive review, the board and management team believe that the planned separation of the consumer health business is the best way to accelerate our efforts to serve patients, consumers, and healthcare professionals, create opportunities for our talented global team, drive profitable growth, and \u2013 most importantly \u2013 improve healthcare outcomes for people around the world.\u201d <\/p><cite>outgoing CEO Alex Gorsky<\/cite><\/blockquote>\n\n\n\n<p>According to the company, the split will be finalized within 18 to 24 months. Shares rose 4% before the bell upon the news.\u00a0<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Name not Decided<\/h5>\n\n\n\n<p>Gorsky disclosed that the company had yet to determine a name for the new publicly traded corporation. He mentioned that the board had discussed the matter of splitting the companies for \u201csome time\u201d as it would provide \u201ctremendous opportunity\u201d to stakeholders.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Positive for Shareholders<\/h5>\n\n\n\n<p>\u201cIt\u2019s in the best long-term interest of all our stakeholders,\u201d he said on \u201cSquawk Box.\u201d \u201cOur goal is really to create two global leaders \u2013 a pharmaceutical and medical device business that has great potential today &#8230; and of course, the consumer business that\u2019s got iconic brands.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Johnson &amp; Johnson (NYSE: JNJ) announced Friday that it plans to split its consumer products division from its pharmaceutical and medical device business, by creating separate publicly traded companies for each. Similarly, other companies such as Toshiba and General Electric have made similar announcements, as corporations receive pressure to simplify. Separating Businesses The parting will&#8230; <a class=\"view-article\" href=\"https:\/\/marketdepth.com\/johnson-johnson-announced-friday-that-it-plans-to-split-its-consumer-products-division-from-its-pharmaceutical-and-medical-device-business\/\">View Article<\/a>","protected":false},"author":3,"featured_media":17899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[31,11,16],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Johnson &amp; Johnson Announced Friday that it Plans to Split its Consumer Products Division from its Pharmaceutical and Medical Device Business - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/johnson-johnson-announced-friday-that-it-plans-to-split-its-consumer-products-division-from-its-pharmaceutical-and-medical-device-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Johnson &amp; Johnson Announced Friday that it Plans to Split its Consumer Products Division from its Pharmaceutical and Medical Device Business - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Johnson &amp; Johnson (NYSE: JNJ) announced Friday that it plans to split its consumer products division from its pharmaceutical and medical device business, by creating separate publicly traded companies for each. 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