Abbott will acquire AMO, a leader in ophthalmic care, for $22 per share in cash, for a total transaction value of approximately $2.8 billion.
"Through superior vision care technologies and service, AMO has established itself as a leader in this multi-billion dollar medical device segment," said Miles White, chairman and CEO of Abbott in the press release. "With AMO, Abbott is enhancing and strengthening its diverse mix of medical device businesses and gaining a leadership position in another large and growing segment."
Read the press release about the Abbott acquisition of AMO.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
