Bristol-Myers Squibb to sell of Mead Johnson Nutrition
NEW YORK Don’t be surprised to see an “Under New Management” sign hanging from the door of Mead Johnson’s doors sometime soon — the split-off makes it easier now for Mead Johnson to be acquired, and it just may be a very lucrative target.
There had already been talk around the possibility of a Mead Johnson sale, with companies such as Groupe Danone, marketers of Activia yogurt and Evian water, being identified by analysts as a “good fit,” especially following their acquisition of Royal Numico two years ago. (Though Danone issued a press release in September stating it was not engaged in talks at that time to acquire Mead Johnson). Nestle has also been identified as a possible bidder by analysts.
Mead Johnson’s leading infant nutrition brand, Enfamil, would fold in nicely into Danone’s product portfolio, analysts suggested. All told, Mead Johnson fields more than 70 products, including formula for breastmilk substitution and nutritional supplements for children. As much as 80% of the company’s business is routine for healthy infants and children; 20% are for those with special needs, identified as a “sweet spot” in an investor presentation last week by Mead Johnson CEO Stephen Golsby. “These are high growth, high margin businesses with very high barriers to entry,” he told analysts Nov. 11. “We drive demand for these brands and products using a three-pillared strategy. We drive demand through healthcare professionals, direct to the consumer and in partnership with retailers and pharmacies.”
E-prescriptions hit 4 million mark at Walgreens in October
NEW YORK The United States has long been a laggard in healthcare information technology, but the country lately has undergone a Cambrian explosion of e-prescribing, as numbers from Walgreens and the e-prescribing network Surescripts demonstrate. The $19 billion that the federal stimulus package offers as an incentive to adopt HIT likely will accelerate the trend.
Walgreens reported Tuesday that the number of prescriptions filed electronically through an e-prescribing program the company started in 1992 reached 4 million in October – a 185% increase over last October – and is projected to reach 45 million by the end of the year. That number was 15 million in 2008.
Further evidence comes from the e-prescribing network Surescripts, which reported in October that more than 140,000 physicians, physician assistance and nurse practitioners now transmit prescriptions electronically. At the end of last year, by contrast active e-prescribers numbered 74,000 and hit the 100,000 mark in May.
Curtis Circulation Co. to distribute Light of Consciousness
NEW MILFORD, N.J. Curtis Circulation Co. announced the distribution of “a journal of spiritual awakening.”
Curtis announced that it will distribute Light of Consciousness, a quarterly publication is dedicated to seekers interested in awakening consciousness, personal and global transformation and the timeless wisdom of the world’s religious traditions, the company said,
Curtis Circulation Co., a worldwide periodicals distributor, represents many leading and prestigious publishers. The New Milford, N.J.-based firm is a division of Lagardere Services.