J&J to restructure orthopedics business – MedTech Dive

Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. By the numbers Q3 sales: $21.35 billion 6.8% increase year-over-year Net income: $4.31 billion Flat year-over-year Medtech sales: $7.46 billion 10% increase year-over-year Orthopaedics restructuring Johnson & Johnson announced it will restructure its orthopedics business, with plans…

Johnson & Johnson begins restructuring at medical device unit after … – The Globe and Mail

Open this photo in gallery: The company logo for Johnson & Johnson at the New York Stock Exchange, on Sept. 17, 2019.BRENDAN MCDERMID/Reuters Johnson & Johnson JNJ-N on Tuesday said it has embarked on a two-year restructuring program for its orthopedic business after third-quarter medical devices sales fell short of Wall Street expectations, reflecting the…

J&J begins restructuring at medical device unit after sales miss – Reuters

Companies Johnson & Johnson Follow Kenvue Inc Follow Novo Nordisk A/S Follow Oct 17 (Reuters) – Johnson & Johnson (JNJ.N) on Tuesday said it has embarked on a two-year restructuring program for its orthopedic business after third-quarter medical devices sales fell short of Wall Street expectations, reflecting the company’s narrowed focus since spinning off its…

Rite Aid Initiates Voluntary Chapter 11 Process to Aid Company … – Pharmacy Times

Rite Aid has filed for bankruptcy protection under a voluntary court-supervised process through Chapter 11 of the US Bankruptcy Code. The company said it intends to restructure and reduce debt caused by opioid-related lawsuits.1 The Rite Aid Corporation announced that retail Rite Aid shops will continue to fill prescriptions and serve patients in store and…

Rite Aid files for bankruptcy, appoints new leadership in financial restructuring initiative – Fox Business

Check out what’s clicking on FoxBusiness.com Rite Aid Corp. filed for Chapter 11 bankruptcy on Sunday in a financial restructuring effort that included the naming of new leadership as the drug retailer faces lawsuits on accusations of contributing to the opioid crisis. The company said in a news release it initiated a voluntary court-supervised bankruptcy…

Rite Aid files for bankruptcy, reaches agreement on restructuring … – Investing.com Australia

Reuters. Rite Aid Corporation (NYSE:) said it has reached an agreement in principle with some senior secured noteholders on terms of a financial restructuring plan. The company filed for Chapter 11 bankruptcy on Sunday. Rite Aid has received a commitment for $3.45 billion in new financing to support business operations, and announced the acquisition of…

Melbourne's Bad Shepherd enter Voluntary Administration Brews … – Brews News

Founders Dereck and Diti Hales The owners of Melbournes Bad Shepherd Brewing Co. have announced the decision to appoint an Administrator to help facilitate a financial restructuring of the business. Owners Dereck and Didi Hales have appointed DBA Advisory as Administrator, noting the company is supporting the continued operation of the business Bad Shepherds employees…

CORRECTED-Honeywell to realign business segments to boost growth – Yahoo Finance

(Corrects paragraph 1 to say Honeywell is restructuring its business to focus on three broad trends, not restructuring business to three segments from four; also removes reference to new segments in paragraph 4) Oct 10 (Reuters) – Honeywell International is restructuring its business operations to focus on three broad business trends in its efforts to…