Abbott Laboratories - M&A Summary and Business Overview

Medical ProductsCompany

Abbott Laboratories M&A Summary

Abbott Laboratories has acquired 38 companies, including 4 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 8 assets.

Abbott Laboratories’ largest acquisition to date was in 2016, when it acquired St. Jude Medical for $25.0B. It’s largest disclosed sale occurred in 2015, when it sold Abbott - Non-U.S. Developed Markets Specialty and Branded Generics to Viatris for $5.3B. Abbott Laboratories has acquired in 8 different US states, and 9 countries. The Company’s most targeted sectors include medical products (58%) and life science (32%).

Abbott Laboratories Business Overview

Where is Abbott Laboratories headquartered?

Abbott Laboratories is headquartered in North Chicago, Illinois.

What is Abbott Laboratories’ revenue?

Abbott Laboratories disclosed revenue of 43,653M USD for 2022 and 43,075M USD for 2021.

How many employees does Abbott Laboratories have?

Abbott Laboratories has 115,000 employees.

What sector is Abbott Laboratories in?

Abbott Laboratories is a medical products company.

When was Abbott Laboratories founded?

Abbott Laboratories was founded in 1888.

M&A Summary

  • M&A Total Activity43
    • M&A Buy Activity35
    • M&A Sell Activity8
  • Total Sectors Invested 6
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 20
  • M&A Advisors 7

Abbott Laboratories

Abbott Laboratories, Inc.

100 Abbott Park Road Abbott Park,
North Chicago, Illinois 60064
United States,
(224) 667-6100
www.abbott.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 32 - 1 - 2 - 35
vol $68.1B $890M $69.0B
Sell (0.2/yr) # 7 - 1 - - - 8
vol $10.0B $10.0B
  43

Most Recent M&A

Company Date Value Type
Bigfoot Biomedical, Inc. 2023-09-05 - Add-on Acquisition
Milpitas, California · www.bigfootbiomedical.com
Cardiovascular Systems, Inc. 2023-02-08 890M USD Add-on Acquisition
St. Paul, Minnesota · www.csi360.com
Walk Vascular LLC 2021-09-02 - Add-on Acquisition
Irvine, California · www.jeti.tv
STARLIMS Technologies Ltd. 2021-07-07 - Divestiture
Tel Aviv, Israel · www.starlims.com
Cephea Valve Technologies, Inc. 2019-01-16 - Add-on Acquisition
San Jose, California · www.cephea.com
Abbott Laboratories, Inc. - Vado Steerable Sheath 2016-10-18 - Divestiture
Abbott Park, Illinois
Abbott Medical Optics, Inc. 2016-09-16 4.3B USD Divestiture
Santa Ana, California · www.abbottmedicaloptics.com
St. Jude Medical, Inc. 2016-04-28 25.0B USD Add-on Acquisition
Saint Paul, Minnesota · www.sjm.com
Kalila Medical, Inc. 2016-02-05 - Add-on Acquisition
Campbell, California · www.kalilamedical.com
Alere, Inc. 2016-02-01 5.8B USD Add-on Acquisition
Waltham, Massachusetts · www.alere.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Alere, Inc. 2016-02-01 Epocal, Inc. 2017-07-21 2
Waltham, Massachusetts · www.alere.com Ottawa, Ontario · www.epocal.com
Alere, Inc. 2016-02-01 Alere, Inc. - Triage Assets 2017-07-17 1
Waltham, Massachusetts · www.alere.com Waltham, Massachusetts
St. Jude Medical, Inc. 2016-04-28 St. Jude Medical, Inc. -Vascular Closure Products 2016-10-18 1
Saint Paul, Minnesota · www.sjm.com Saint Paul, Minnesota

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 20 (57%) 38.0B (55%) 5 (63%) 10.0B (100%)
Life Science 11 (31%) 24.6B (36%) 2 (25%) -
Information Technology 1 (3%) 123M (< 1%) 1 (13%) -
Consumer Products 1 (3%) 320M (< 1%) - -
Food 1 (3%) 160M (< 1%) - -
Healthcare Services 1 (3%) 5.8B (8%) - -
Total 35 $69.0B 8 $10.0B

By Geo

State/Country Buy Value Sell Value
United States 27 55.6B 6 10.0B
  California 14 6.6B 1 4.3B
  Illinois 1 355M 3 -
  New Jersey 3 11.0B - -
  Minnesota 3 26.1B - -
  Massachusetts 3 6.8B - -
  Texas 1 310M 1 360M
  Pennsylvania 1 210M - -
  Indiana 1 4.1B - -
Israel 1 123M 1 -
Belgium 1 6.1B - -
Canada 1 320M - -
  Ontario 1 320M - -
Chile 1 2.9B - -
India 1 3.7B - -
Ireland 1 - - -
Netherlands 1 - - -
Russia 1 305M - -
Spain - - 1 -
Domestic 27 (77%) 55.6B (80%) 6 (75%) 10.0B (100%)
Cross-border 8 (23%) 13.5B (20%) 2 (25%) -
Total 35 $69.0B 8 $10.0B

Top M&A Advisors

Financial Deals
Morgan Stanley
2
Evercore Group
2
Lazard Ltd.
1
Legal Deals
Jones Day
2
Kirkland & Ellis
1
Wachtell, Lipton, Rosen & Katz
1

Deal Values

buy # Total
> $1B 10 $62.2B
$100M to $1B 18 $6.8B
TOTAL $69.0B
Largest St. Jude Medical, Inc.
$25.0B (2016-04-28)
sell # Total
> $1B 2 $9.6B
$100M to $1B 1 $360M
TOTAL $10.0B
Largest Abbott - Non-U.S. Developed Markets Specialty and Branded Generics
$5.3B (2015-02-27)

M&A Connections

Deals
Acquired from
Investor(s)
17%
6 (17%)
Strategic(s)
14%
5 (14%)
Divested to
Investor(s)
13%
1 (13%)
Strategic(s)
63%
5 (63%)

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