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ANNOUNCEDSpinoffTax-Free Spinoff

Johnson & Johnson DePuy Synthes Orthopedics

JNJJohnson & JohnsonNYSE

Parent Company

Johnson & Johnson

JNJ

Medical Devices

SpinCo / Target

DePuy Synthes (Orthopedics)

ANNOUNCED

2025-10-14

EXPECTED

18-24 months

MARKET CAP

—

DEAL VALUE

—

Summary

Johnson & Johnson is exploring the separation of its orthopedics business (DePuy Synthes), which is one of the largest orthopedic device companies globally with approximately $10B in revenue.