Donnelly Ritigstein Law Offices
Call for a Free Consultation
Toll Free 866-907-6368 Local 856-324-6147

New Jersey business planning: J&J clinical diagnostics unit sale

New Jersey business owners understand that if a business is stagnant, it won't succeed. Business planning is something that doesn't end when the company's doors open. It is a constant process used to make sure that the business is staying viable and profitable.

This may be part of the reason that Johnson & Johnson has decided to sell off its Ortho Clinical Diagnostics unit. The unit manufactures equipment for screening blood and laboratory blood tests. Current projections indicate that the division could be sold for as much as $5 billion.

As important as it is for one party's future planning to sell off pieces as needed, it is also part of business planning to consider purchases. Companies such as General Electric and Danaher Corp. may find that purchasing this unit is in its best interest depending on the direction either company wishes to go in the future. However, the technology used in this unit is on the older side, so there will be many things to consider before either company may feel comfortable making a bid for the unit.

Johnson & Johnson estimates that it could take as long as two years to complete a sale for their Ortho Clinical Diagnostics unit. Another integral part of business planning is patience. Once a plan is made, all of the components involved in bringing that plan to fruition have to be identified and considered. There will be several business and legal decisions that will need to be made and then put into action as well. With all of the laws, regulations and rules in New Jersey that apply to businesses, it is important to make sure that everything is in order before going forward in order to avoid problems in the future.

Source: Reuters, J&J kicks off $5 billion clinical diagnostics unit sale: sources, Soyoung Kim and Greg Roumeliotis and Jessica Toonkel, Sept. 6, 2013

No Comments

Leave a comment
Comment Information

Moorestown Office
212 West Route 38
Suite 200
Moorestown, NJ 08057

Map & Directions

Haddonfield Office
132 Kings Highway E
Suite 105
Haddonfield, NJ 08033

Map & Directions

Linwood Office
327 Central Avenue
Linwood, NJ 08221

Map & Directions

Cape May Court House Office
618 Route 9 South
Cape May Court House, NJ 08210

Map & Directions

Gloucester, Cumberland and Salem County Offices
57 Euclid St.
Woodbury, NJ 08096

Map & Directions

Back To Top