J&J to retain 9.5% stake in consumer health spinoff

Johnson & Johnson completed a share exchange offer to keep a stake of 9.5 percent of its newly separated consumer health unit, Kenvue, according to an Aug. 21 report from The Philadelphia Business Journal.

Advertisement
By: Rosie Talaga

Kenvue shares were up about 1 percent after Johnson & Johnson made the announcement.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

The hidden cost of lost clinical time and how leading health systems are responding

Friday, August 7
12:00 PM - 1:00 PM CDT

Presenters: Kassaundra McKnight-Young, Zebra TechnologiesGregory Carras, Zebra TechnologiesJennifer Gene, Levata

Advertisement

Next Up in Disruptors

  • OpenAI inks 1st hospital deal outside US

    OpenAI signed its first international hospital partnership with Ramat Gan, Israel-based Sheba Medical Center. The deal, according to a July…

    By: Naomi Diaz

  • Microsoft's pay for 3 health tech jobs

    Microsoft is continuing to hire for health tech roles including a forward deployed AI engineer position tied to its healthcare…

    By: Naomi Diaz

  • Amazon's pay for 8 health tech jobs

    Amazon is hiring software and applied-science leaders, AI engineers and a healthcare cybersecurity specialist — the kinds of roles hospital…

    By: Giles Bruce
Advertisement

Comments are closed.