FILE - A Johnson & Johnson logo is seen in Walpole, Mass., Feb. 24, 2021. Johnson & Johnson is pumping more money into heart care with a roughly $13 billion deal for Shockwave Medical, which specializes in technology that helps open clogged arteries.Photo by Steven Senne/THE ASSOCIATED PRESS

J&J to pump another $13B into its MedTech business with Shockwave deal

by · National Post

Johnson & Johnson is pumping more money into heart care with a roughly $13 billion deal for Shockwave Medical, which specializes in technology that helps open clogged arteries.

The health care giant said Friday that it will spend $335 in cash for each share of Shockwave. The total deal value includes cash acquired.