J&J explores sale of LifeScan
Johnson & Johnson on Friday announced the potential sale of its LifeScan division, a leader in blood glucose monitoring products, to Platinum Equity. The private investment firm made a binding offer of approximately $2.1 billion for the diabetes company.
LifeScan posted 2017 net revenue of approximately $1.5 billion.
“LifeScan’s OneTouch blood glucose monitoring products play an important role in the lives of millions of patients living with diabetes, and following a thorough review of all strategic options, we feel confident that the business would have a promising future with Platinum Equity,” Ashley McEvoy, Company Group Chairman, Consumer Medical Devices, Johnson & Johnson, said. “This initiative is part of our ongoing, disciplined approach to portfolio management to focus on our most promising opportunities to help patients and drive growth.”
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. 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. This transaction was contemplated in Johnson & Johnson’s guidance provided on January 23, 2018.
The Johnson & Johnson Family of Companies will continue to serve those impacted by diabetes through products, services and solutions from its Medical Device, Pharmaceuticals and Consumer businesses, the pharmceutical conglomerate, which operates out of New Brunswick, N.J., noted. These include important leadership and innovation in areas such as bariatric surgery and through medicines such as Invokana (canagliflozin) and Invokamet (canagliflozin/metformin HCl).
Drive DeVilbiss helps differentiate breast pump market
Drive DeVilbiss Healthcare on Thursday introduced its Pure Expressions Dual Channel Breast Pump, the only breast pump on the market that allows for suction strength adjustment for each breast individually.
The Port Washington, N.Y.-based manufacturer’s new breast pump also features True2Nature Expression, which delivers two modes of expression – Stimulation and Expression. Simulating a baby’s instinctive nursing rhythms, it provides a pumping session as natural as the true breastfeeding experience.
In addition, the closed-loop, anti-backflow system guarantees no milk backup into the tubing or motor for a healthy experience with a pump that’s easy to clean.
The pump’s digital LCD display indicates the Stimulation and Expression modes, allows for nine suction strength adjustments for each individual breast, and includes a 30-minute timer and memory function, which auto-saves the last pumping session.
“Breastfeeding is an intimate experience a mother can share with her baby, and being able to successfully express milk when you can’t breastfeed is as important as breastfeeding itself,” Jeanne Borgia, product manager – personal care for Drive DeVilbiss, said. “As the only breast pumps on the market that allow the mother to adjust the suction strength for each individual breast, the Pure Expressions Breast Pumps truly mimic a baby’s natural nursing rhythm and suckling pattern, helping to ensure a quicker, more comfortable experience.”
The Pure Expressions Dual Channel Breast Pump is packaged with all the necessary accessories, including storage bottles, breast shields and cushion inserts. It’s also available in various configurations, including a carry bag and insulated cooler.
Rolling Strong partners with higi on wellness tracking for truckers
Rolling Strong, the provider of driver wellness programs for transportation companies, their drivers, and owner-operators, on Thursday announced their partnership to deliver on-the-road access to the more than 11,000 higi self-screening health stations across America. With this partnership, higi’s health stations will provide the opportunity for drivers to measure, track and share their biometric health data as part of Rolling Strong wellness programs.
“Rolling Strong has a tremendous track record of empowering companies and drivers to improve their health and wellness, and we look forward to helping Rolling Strong advance their mission to reverse the declining health of America’s commercial drivers and get them home safely,” Jeff Bennett higi CEO, said. “By connecting with truck drivers at one of our 11,000 self-screening health stations across America, we can be a valuable conduit towards helping them stay their healthiest while on the road.”
As a Rolling Strong partner, higi will provide free access to Rolling Strong members to measure their biometric health numbers, including blood pressure, BMI and weight, and directly integrate with the Rolling Strong platform and mobile app for seamless engagement with their overall health and wellness. Among other features, this unique integration will allow the Rolling Strong application to make personalized dining suggestions based on a user’s combination of biometric data, activity levels and geographic location.
“Our partnership with higi will help us measure the success of our programs and provide a more personalized health and wellness experience for the nation’s commercial drivers,” Steven Kane, president Rolling Strong said. “With their extensive network of health stations across America, truck drivers can conveniently complete screenings and track their progress through the Rolling Strong platform and mobile app.”