Johnson & Johnson (J&J) has accepted private investment firm Platinum Equity’s binding offer to acquire its subsidiary LifeScan for around $2.1bn.

The decision follows consultation with associated works councils and trade unions. This offer was originally proposed in March this year and is subject to customary closing conditions and regulatory clearances.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

LifeScan offers blood glucose monitoring systems under the brand OneTouch to allow diabetes management. Its products are designed for simple and accurate testing at hospitals as well as home.

“Platinum Equity plans to leverage its financial resources and operating expertise to support LifeScan’s goal to enhance the quality of life of diabetes patients.”

Used by nearly 20 million patients across more than 90 countries, OneTouch products include glucose metres and accessories, insulin pumps, testing strips, lancets, point-of-care systems for testing and integrated digital solutions.

The company reported net revenue of around $1.5bn last year.

Platinum Equity plans to leverage its financial resources and operating expertise to support LifeScan’s goal to enhance the quality of life of diabetes patients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

After the completion of the transaction, which is scheduled to complete by the end of this year, LifeScan will operate as a global standalone business and provide a platform for continued investment to boost growth and innovation.

A statement from J&J read: “The Johnson & Johnson Family of Companies will continue to serve those impacted by diabetes through innovative products, services and solutions from its Medical Device, Pharmaceuticals and Consumer businesses.

“These include important leadership and innovation in areas such as bariatric surgery and through medicines such as INVOKANA (canagliflozin) and INVOKAMET (canagliflozin/metformin HCl).”