This Week
  • Check out a slideshow of a $4M exhibit coming to the Strong Museum.

  • In the region's telecom industry, being small can be a competitive advantage.

  • Younger workers are less likely to stick with one employer.

  • United Way leader Fran Weisberg works for change by bringing people together.

  • Rochester Precision Optics LLC employs 200 full-time and eight part-time staffers.

  • Dmitriy Ruzhanskiy has crafted his career in the restaurant industry.

J&J mulls sale of Ortho Clinical Diagnostics unit

Rochester Business Journal
January 22, 2013

Johnson & Johnson is weighing the sale of its Ortho Clinical Diagnostics Inc. unit or spinning off the unit into a stand-alone company.

Headquartered in New Jersey, Ortho Clinical Diagnostics employs some 1,100 at a Rochester-area research facility. Founded as Eastman Kodak Co.’s blood analyzer unit, the Ortho Clinical Diagnostics facility in Greece ranked as this region’s 8th largest manufacturer on the Rochester Business Journal’s most recent manufacturers list.

A sale of the J&J unit is not certain. The company is beginning an exploratory process to evaluate strategic options for the unit but would weigh all options before making a move, J& J chairman and CEO Alex Gorsky told analysts during a Jan. 22 fourth-quarter conference call. 

“Options (could) include a possible divestiture if it is determined that (the Ortho Clinical unit) could have greater potential as part of another organization whose focus is more closely aligned with its core strengths, or by operating as a stand-alone company. At this time it is not certain that any transaction will be consummated,” the company said in a statement Tuesday.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google