Medtech Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


Bausch & Lomb Cutting 850 Jobs To Address Global Contact Lens Market

This article was originally published in The Gray Sheet

Executive Summary

Bausch & Lomb plans to eliminate 7% of its workforce over the next 12 months in response to increased global competition in the contact lens market, Chairman and CEO William Carpenter announced during a Dec.1 teleconference.

You may also be interested in...

Bausch & Lomb

Divestiture of a majority interest in its Charles River Laboratories research laboratory animal and service business to DLJ Merchant Banking Partners II is complete, B&L announces Sept. 29. Under the terms of the deal B&L retains a 12.5% interest in the business and receives a $400 mil. cash payment and a $43 mil. promissory note. Charles River is B&L's last non-core business to be divested as the firm refocuses on healthcare for the eye

Bausch & Lomb

Sale of B&L's Miracle-Ear hearing aid business to privately held Italian firm Amplifon, S.p.A. is complete, the company announces Aug. 30 (1"The Gray Sheet" July 19, p. 5). Sale of B&L's final non-core business, Charles River Laboratories, to Global Health Care Partners, a unit of investment banking firm Donaldson, Lufkin & Jenrette's private equity fund, DLJ Merchant Banking, is expected to close by the end of September

Bausch & Lomb Sunglass Divestiture To Luxottica Will Help Fund Expansion

Bausch & Lomb plans to use net proceeds from its $640 mil. cash divestiture of its Rochester, New York-based sunglass operation to Luxottica Group S.p.A. to augment its core portfolio of vision care, pharmaceuticals and ophthalmic surgery products.

Related Content




Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts