J&J Buys Mentor, Gets into Aesthetics

The depressed economy has hit all medtech stocks, but some harder than others, in particular, those that rely on nervous consumers to pay out of pocket for elective procedures, namely, medical aesthetics, and refractive surgery. J&J was thus able to acquired breast-implant manufacturer Mentor for much less than it would have had to pay a year ago, when it was first rumored to be looking to get into the aesthetics market.

An old saw suggests dog food and funeral services are recession-proof, but now it’s clear from recent stock prices that aesthetic procedures are not.

No segment within the medical device industry is better positioned to capitalize on the positive feelings that come with good...

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