Signing up for our Newsletter is subject to our Privacy Notice. function OptanonWrapper() { } LOS ANGELES (Oct 1, 2018) – Platinum Equity today announced that its acquisition of Lifescan from Johnson & Johnson (NYSE: JNJ) for approximately $2.1 billion has been completed, with the exception of certain non-U.S. jurisdictions that are each expected to close at a later date, subject to individual country regulatory requirements. '&l=' + l : ''; j.async = true; j.src = 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; f.parentNode.insertBefore(j, f); })(window, document, 'script', 'dataLayer', 'GTM-TQKGM74'); Mark Barnhill

“We have great respect for Johnson & Johnson and appreciate their confidence in our ability to execute,” said Platinum Equity Chairman and CEO Tom Gores. Our Newsletter is subject to our Privacy Notice.

“This is an important investment for us in a business that serves millions of patients around the world.

Principal NEW BRUNSWICK, N.J., March 16, 2018 – Johnson & Johnson (NYSE: JNJ) today announced that it has received a binding offer from Platinum Equity, a leading private investment firm, to acquire its LifeScan business for approximately $2.1 billion, subject to customary adjustments. Headquartered in Chesterbrook, Pennsylvania and Zug, Switzerland, LifeScan serves approximately 20 million patients globally in more than 90 countries. ExplORer Surgical: keeping device specialists close to the action, The relationship between FDI and international trade, FDA grants breakthrough designation to CartiHeal’s Agili-C implant, GE Healthcare secures FDA clearance for cardiovascular system, AI algorithm may enhance lung cancer detection, study finds, Avail Medsystems raises $100m for procedural telemedicine technology, Intersect ENT completes acquisition of Fiagon AG Medical Technologies, Medtronic to acquire medical device company Avenu Medical, Five must-read stories from the intersection of tech, business and politics, Biosense treats first patients with VARIPULSE catheter for AF, Roche to launch antigen test for Covid-19 patients, proposed a binding offer to acquire LifeScan, How ADGM makes doing business in Abu Dhabi easy, How one firm in Abu Dhabi is changing the data security game. E-mail Dan. Visit GlobalData Store. There was a problem submitting your request. Last year, it generated approximately $1.5bn in net revenues.

LifeScan President Valerie Asbury would continue leading the business following the change in ownership. LOS ANGELES (March 16, 2018) – Platinum Equity announced today that it has submitted a binding offer to acquire LifeScan, Inc. from Johnson & Johnson (NYSE: JNJ) in a transaction valued at approximately $2.1 billion. The acceptance period for the offer will end on June 15, 2018, unless extended, and during that time, consultations with relevant works councils are planned. “LifeScan has been a leader in diabetes care for more than 30 years and has consistently developed and brought to market industry leading products,” said Platinum Equity Partner Jacob Kotzubei. If the offer is accepted, the transaction would be expected to close by the end of 2018, subject to the satisfaction of customary closing conditions. +1 310.228.9514 By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. “We believe strongly in the company’s core mission and are committed to helping LifeScan continue improving the quality of life for people living with diabetes.”, Mark Barnhill +1 310.282.9202

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E-mail Dan. You may unsubscribe at any time. Platinum Equity Partner Jacob Kotzubei said that it will support LifeScan in improving the quality of life for people with diabetes. All Rights Reserved. “We share an unwavering commitment to patient care and know there is tremendous opportunity for LifeScan to grow and evolve. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O. The company markets blood glucose monitoring systems for home and hospital use under the global brand OneTouch. This is said to include innovation in various fields, including bariatric surgery, and drugs such as Invokana (canagliflozin) and Invokamet (canagliflozin/metformin HCl). LifeScan president and CEO Val Asbury said: “We are excited for our future and what we can accomplish with the addition of Platinum Equity’s financial and operational resources. The business reaches nearly 20 million patients across more than 90 countries. Electronic Systems and Mechanical Devices for Medical Applications, Testing and Software Development for Medical Devices, Custom Touchscreen, Display Enhancement and Touch-Enabled Devices for Medical Applications, “LifeScan offers blood glucose monitoring products such as personal blood glucose meters, testing strips, lancets, point-of-care testing devices and integrated digital solutions under the OneTouch brand.”, 3 October 2018 (Last Updated October 3rd, 2018 11:17). By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. +1 310.228.9514 There was a problem submitting your request. J&J accepted the proposal in June, after consultation with relevant works councils and trade unions. (function (w, d, s, l, i) { w[l] = w[l] || []; w[l].push({ 'gtm.start': new Date().getTime(), event: 'gtm.js' }); var f = d.getElementsByTagName(s)[0], j = d.createElement(s), dl = l != 'dataLayer' ?

LifeScan is a leader in blood glucose monitoring products with 2017 net revenue of approximately $1.5 billion. Partner The blood glucose monitoring business will now operate as a standalone entity with a new corporate logo and brand identity.

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