J&J to Split Up Consumer Health and Medtech, Pharma Businesses

Just days after GE announced that it would break up into three businesses, including a healthcare unit, another iconic US brand is planning to split up. Johnson & Johnson, the world’s largest healthcare company by sales, announced today that it will separate its consumer products business from its pharmaceutical and medical device operations. The new publicly traded consumer health business, as yet unnamed, will include such household brands as Neutrogena, Tylenol, Listerine, and Band-Aid, and J&J will “remain the world’s largest and most diverse healthcare company,” said the news release.