Spine Nation and Fellow Musculoskeletalvites, if you"ve never been to a Flo and Eddie Concert follow the bouncing ball;
"Imagine me and you, I do, I think about you every night it"s only right to think about the girl you love and hold her tight, so happy together......I can"t keep from loving nobody but you, you"re on my mind, when the wind blows baby the skies will be blue for all my life...."
Well fellow bloggers a deal is a deal. In the world of high finance Synthes offered her honor and J&J honored her offer and the rest is history. It was announced today the J&J will acquire Synthes in a cash and stock deal, by offering $21.3 billion or $181.30 per share. Unlike the Wall Street Journal who called him Dr. Wyss, having worked with Hansjoerg Wyss it was time for the Wyssmeister to hang up the old spurs and move on out, he"s on the clock and desires to add to his legacy and life"s work. Mr. Wyss owns 47% of Synthes and will be worth an estimated $10 billion when all the papers are signed. Both companies boards have unanimously approved the transaction. Now that it"s done TSB would like to send an open letter to William Weldon at J&J.
Dear Mr. Weldon:
Congratulations on winning the Irish Sweepstakes. J&J/DePuy has a golden opportunity to continue the legacy of a great company. If you really want this transition to succeed, don"t just think about the challenges that await you in integrating two companies of this size, start thinking how you will replace the dead wood that exists on both sides of the management aisle at both trauma companies. If there ever was an opportunity for a cultural cleanse, now is the time. Not only will you be considered a player in trauma, you will have an immediate impact on spine, maxillofacial and power equipment. Many readers frowned upon the probability of this acquisition two weeks ago, today it is a reality. In addition to the aforementioned products you will have inherited the greatest marketing tool that the industry has ever seen, the AO/ASIF surgeon and ORP trainng/educational programs. Who ever said you needed a marketing department? If you don"t believe it has great value, imitation has always been the greatest form of flattery, that is why companies like MSD and NuVasive have succeeded, they realized that knowledge is power. For those that had doubt regarding this deal, any company that controls its manufacturing cost with a just in time model and carries minimal debt for a company the size of Synthes is a deal made in heaven. Once again the Great Vampire Squid prevails, you know what Bogie once said, "here"s lookin" at you sweetheart."