Question: In May 2 0 2 4 , Johnson & Johnson, a multinational pharmaceutical, biotechnology and medical technologies corporation, acquired Shockwave Medical, a medical device manufacturer,

In May 2024, Johnson & Johnson, a multinational pharmaceutical, biotechnology and medical technologies corporation, acquired Shockwave Medical, a medical device manufacturer, for USD 13.1 billion. The deal was intended to expand Johnson & Johnsons portfolio of coronary artery disease and peripheral artery disease treatments--two fast-growing segments of the healthcare market. Which of the following common reasons for acquisitions provides the best explanation for Johnson & Johnsons acquisition of Shockwave Medical?
Group of answer choices
Expertise
Efficiency gains
Vertical integration
Monopoly gains

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