M&A Deal Summary

Abbott Laboratories Acquires Guidant Stent Business

On May 3, 2006, Abbott Laboratories acquired medical products company Guidant Stent Business from Guidant for 4.1B USD

Acquisition Highlights
  • This is Abbott Laboratories’ 7th transaction in the Medical Products sector.
  • This is Abbott Laboratories’ 5th largest (disclosed) transaction.
  • This is Abbott Laboratories’ 10th transaction in the United States.
  • This is Abbott Laboratories’ 1st transaction in Indiana.

M&A Deal Summary
Date 2006-05-03
Target Guidant Stent Business
Sector Medical Products
Buyer(s) Abbott Laboratories
Sellers(s) Guidant
Deal Type Add-on Acquisition
Deal Value 4.1B USD

Target

Guidant Stent Business

Indianapolis, Indiana, United States
Guidant's Stent Business is the vascular device division of Guidant.

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Buyer(S) 1

Buyer

Abbott Laboratories

North Chicago, Illinois, United States

website

Category Company
Founded 1888
Sector Medical Products
Employees115,000
Revenue 43.7B USD (2022)
DESCRIPTION
Entrance to Abbott's corporate campus in Abbott Park, Illinois.
Entrance to Abbott's corporate campus in Abbott Park, Illinois.

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

DEAL STATS #
Overall 11 of 35
Sector (Medical Products) 7 of 20
Type (Add-on Acquisition) 11 of 35
State (Indiana) 1 of 1
Country (United States) 10 of 27
Year (2006) 1 of 2
Size (of disclosed) 5 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-11 Experimental & Applied Sciences

Burlington, Ontario, Canada

EAS is a marketer of products that provide complete nutrition to anyone wanting to improve his or her health and fitness - from elite athletes to health conscious consumers. EAS educates and inspires its customers to live a healthier, more fulfilling lifestyle through exercise and science-based nutrition products. EAS product lines include EAS Myoplex®, EAS HP and the EAS AdvantEdge® lines.

Buy $320M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-06 Kos Pharmaceuticals

Cranbury, New Jersey, United States

Kos Pharmaceuticals Inc. is a provider of cholesterol drugs and chronic heart disease medications.

Buy $3.7B

Seller(S) 1

SELLER

Guidant

Indianapolis, Indiana, United States

website

Category Company
Founded 1994
Sector Life Science
DESCRIPTION

Guidant Corporation pioneers lifesaving technology, giving an opportunity for better life today to millions of cardiac and vascular patients worldwide. The company, driven by a strong entrepreneurial culture of more than 10,000 employees, develops, manufactures and markets a broad array of products and services that enable less invasive care for some of life's most threatening medical conditions.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-10 AFx

Fremont, California, United States

AFx (Fremont) is a privately held company based in Fremont, Calif. Its team of 40 employees has pioneered a proprietary microwave technology for cardiac surgery procedures. AFx (Fremont) is based in Fremont, California.

Buy $45M
Mergr

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