In today’s business driven world, many companies are driven by success through brand awareness, success through their shares of the market and success through mergers and acquisitions. So many large successful companies decide to acquire or buyout other companies in order to increase profitability and cash flow but also grow the brand tremendously in hopes to monopolize their share of the market. Healthcare is an industry in which many mergers and acquisitions are completed. Hospitals buying other hospitals, insurance companies buying out other insurance companies and the mergers of drug business and medical device companies happen very often. I will be talking about the largest merger in healthcare history when Johnson and Johnson acquired Synthes DePuy. …show more content…
J&J acquired DePuy for 19.7 Billion dollars. At the time, this was the Largest Merger in Health care history and still is up to today. The merger allowed Johnson and Johnson to have their brand on the same devices that Depuy was already making and increased their revenue by billions of dollars the following year. This merger was extremely successful and because of this, Johnson and Johnson set the precedent for other large companies to follow.
The levels of organizational culture are as followed, Artifacts, Espoused Values and Basic underlying assumptions (Sharkey). Artifacts are visual organizational structures and processes, which can sometimes be hard to decipher. Espoused Values examples are strategies, goals and marketing ideas. Last we have the Basic underlying assumptions. These examples are the assumptions thoughts and feelings going into the