In Brief: Allegiance/J&J
This article was originally published in The Gray Sheet
Executive Summary
Allegiance/J&J: Baxter health-care product and cost-management services business, set to be spun off later this year, inks three-year preferred supplier agreement with Johnson & Johnson's Ethicon and Ethicon Endo-Surgery businesses. J&J's products will be offered by Allegiance as part of its "best value" strategy which "involves consolidating [Allegiance's] business around preferred products in dozens of supply categories" to "improve service and value" while reducing costs, Allegiance explains...