Johnson Company

(Nov '22) Boston Scientific to Acquire Apollo Endosurgery


Boston Scientific Corp. said Tuesday it has agreed to acquire

Apollo Endosurgery Inc.  for $10 a share, or about $615 million 

in cash.  The news sent Apollo's stock, which closed Monday at 

$6, up 61% in premarket trade. The company has a portfolio of

 devices used in endoluminal surgery procedures to close 

gastrointestinal defects, manage gastrointestinal complications

and aid in weight loss for patients suffering from obesity, and is 

expected to generate net sales of about $76 million in 2022. 

"Endoluminal surgery is an emerging field and a core focus for 

our Endoscopy business," said Mike Jones, senior vice president 

and president, Endoscopy, Boston Scientific.The deal is expected

to close in the first half of 2023. The deal is expected to be

immaterial to Boston Scientific's per-share earnings in 2023, but 

to boost them after that. Boston Scientific shares were not yet 

active premarket, but have gained 3% in the year to date,

while the S&P 500 has fallen 17%.





Upper & Central Midwest

Our Territory

Johnson Company covers two different ERA/MANA territories. Due to this, we manage and maintain 2 separate line cards for manufacturers represented in each region. However, we are pleased to say that currently about 80% of all manufactures are common to both territories.

4-State Upper Midwest

Our main office is located just north of Minneapolis / St. Paul. We have insides sales, technical sales, engineering, and customer service supported for both territories from this main office.
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5-State Central Midwest

We maintain satellite locations in Kansas City, Cedar Rapids and St. Louis with staff to cover the 5-State Central Midwest market. This allows us easy access to all customers throughout our entire 2 territories.
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