Friday, February 10, 2012

Developing: J&J may invest $85m in Salt Lake-based Coherex Medical

Johnson & Johnson may invest $85 million or more in Salt Lake City-based Coherex Medical Inc., a medical device maker, and possibly purchase the company in about six months.

Johnson & Johnson, the New Brunswick, N.J.-based health-care supply company, will buy equity and debt from Coherex, which make closure devices for holes in the heart septum. The deal will likely close by the end of next week. Deseret News

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