Add-on Acquisition • Medical Products

Abbott Acquires St. Jude Medical

On April 28, 2016, Abbott acquired medical products company St. Jude Medical for 25.0B USD

Acquisition Context

This is Abbott’s 16th transaction in the Medical Products sector.
This is Abbott’s largest (disclosed) transaction.
This is Abbott’s 24th transaction in the United States.
This is Abbott’s 2nd transaction in Minnesota.

Explore All 2733 Add-on Acquisition Medical Products Deals - Search the Database Free

M&A Deal Summary
Date	April 28, 2016
Target	St. Jude Medical
Sector	Medical Products
Buyer(s)	Abbott
Deal Type	Add-on Acquisition
Deal Value	25.0B USD
Advisor(s)	Guggenheim Securities (Financial) Gibson, Dunn & Crutcher (Legal)

Target Company

St. Jude Medical

Saint Paul, Minnesota, United States

Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.

St. Jude Medical, Inc. is a medical device manufacturer dedicated to transforming the treatment of most expensive, epidemic diseases. St. Jude Medical five major areas of focus that include heart failure, atrial fibrillation, neuromodulation, traditional cardiac rhythm management and cardiovascular. St. Jude Medical was formed in 1976 and is based in St. Paul, Minnesota.

Explore More Deals

Browse All 215,158 Deals

FILTER BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Search Free

Buyer Overview 1

Buyer

Abbott

North Chicago, Illinois, United States

Category	Company
Founded	1888
Sector	Medical Products
Employees	114,000
Revenue	42.0B USD (2024)

DESCRIPTION

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 Context for Buyer	#
Overall	31 of 36
Sector: Medical Products	16 of 20
Type: Add-on Acquisition	31 of 36
State: Minnesota	2 of 3
Country: United States	24 of 29
Year: 2016	3 of 3
Size (of disclosed)	1 of 29

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-02-05	Kalila Medical Campbell, California, United States Kalila Medical, Inc. is a medical device company developing next-generation access technologies used in cardiac electrophysiology procedures for the treatment of heart rhythm disorders, including atrial fibrillation.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2016-02-05

Kalila Medical

Campbell, California, United States

Kalila Medical, Inc. is a medical device company developing next-generation access technologies used in cardiac electrophysiology procedures for the treatment of heart rhythm disorders, including atrial fibrillation.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2016-09-16	Abbott Medical Optics Santa Ana, California, United States Abbott Medical Optics, Inc. is a manufacturer of ophthalmic surgery products and is known for world-class intraocular lenses used in cataract surgery. The World Health Organization estimates that approximately 20 million people are blind from age-related cataracts and that there are at least 100 million eyes with compromised visual acuity caused by cataracts. These numbers are steadily rising due to population growth and increasing life expectancy.	Sell	$4.3B

DATE

TARGET

DEAL TYPE

VALUE

2016-09-16

Abbott Medical Optics

Santa Ana, California, United States

Abbott Medical Optics, Inc. is a manufacturer of ophthalmic surgery products and is known for world-class intraocular lenses used in cataract surgery. The World Health Organization estimates that approximately 20 million people are blind from age-related cataracts and that there are at least 100 million eyes with compromised visual acuity caused by cataracts. These numbers are steadily rising due to population growth and increasing life expectancy.

Sell

$4.3B

Explore Related M&A Activity

Medical Products M&A - Add-on Acquisition M&A Deals - Minnesota M&A - United States M&A - 2016 M&A