Cultivating Entreprenurship
Johnson has relied heavily upon acquisition to enter and to expand in a wide range of businesses that fall broadly under the category of health care. It has purchased more than 70 different firms over the pas decade. In 2008 it paid $1.1 billion to acquire Mentor Corporation, a leading supplier of products the global aesthetic market. It topped this last year with a $20 billion purchase of Synthes,a leading player in trauma surgery. A person familiar with the industry remarked that this latest acquisition of make of orthopedic devices was “a good match for them”