M&A Deal Summary

Abbott Acquires Advanced Medical Optics

On January 12, 2009, Abbott acquired medical products company Advanced Medical Optics for 2.8B USD

Acquisition Highlights
  • This is Abbott’s 8th transaction in the Medical Products sector.
  • This is Abbott’s 10th largest (disclosed) transaction.
  • This is Abbott’s 13th transaction in the United States.
  • This is Abbott’s 5th transaction in California.

M&A Deal Summary

Date 2009-01-12
Target Advanced Medical Optics
Sector Medical Products
Buyer(s) Abbott
Deal Type Add-on Acquisition
Deal Value 2.8B USD
Advisor(s) Goldman Sachs
UBS Investment Bank (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Advanced Medical Optics

Santa Ana, California, United States
Advanced Medical Optics Inc. (AMO) offers a range of refractive technologies for myopia, hyperopia, astigmatism, presbyopia, cataract, spherical aberration and corneal health.

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Buyer(S) 1

Buyer

Abbott

North Chicago, Illinois, United States

Category Company
Founded 1888
Sector Medical Products
Employees114,000
Revenue 42.0B USD (2024)
DESCRIPTION
Entrance to Abbott's corporate campus in Abbott Park, Illinois.
Entrance to Abbott's corporate campus in Abbott Park, Illinois.

Abbott is a diversified, global provider of diagnostics, medical devices, nutrition, and pharmaceuticals. Abbott was founded in 1888 and is headquartered in North Chicago, Illinois.


DEAL STATS #
Overall 15 of 36
Sector: Medical Products M&A 8 of 20
Type: Add-on Acquisition M&A Deals 15 of 36
State: California M&A 5 of 14
Country: United States M&A 13 of 29
Year: 2009 M&A 2 of 5
Size (of disclosed) 10 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-06 Ibis Biosciences

Carlsbad, California, United States

Ibis Biosciences, Inc. is a molecular diagnostics business.

Buy $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-10 Evalve

Menlo Park, California, United States

Evalve, Inc. designs, develops, manufactures and markets innovative devices to enable percutaneous repair of cardiac valves. The company's initial products are intended to reduce the risks, trauma and cost associated with current open, arrested heart surgical options. The company's present development and clinical efforts are focused on mitral valve repair with the MitraClip system.

Buy $410M