J&J Is Hungry for Medical Device M&A

Johnson & Johnson is on the prowl for medical device acquisitions that would build upon its capabilities, address portfolio gaps, and play in higher-growth markets.

"Given that we are at our lowest levels of net debt in almost five years, progressing towards a net cash position, we anticipate leaning in on some of our other capital allocation priorities beyond internal R&D," Joseph Wolk, CFO at J&J, said Tuesday during the company's fourth-quarter earnings call.