M&A Deal Summary

Abbott Laboratories Acquires St. Jude Medical

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

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

M&A Deal Summary
Date 2016-04-28
Target St. Jude Medical
Sector Medical Products
Buyer(s) Abbott Laboratories
Deal Type Add-on Acquisition
Deal Value 25.0B USD
Advisor(s) Guggenheim Securities (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

St. Jude Medical

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

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Buyer(S) 1

Buyer

Abbott Laboratories

North Chicago, Illinois, United States
Category Company
Founded 1888
Sector Medical Products
Employees114,000
Revenue 40.1B USD (2023)
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 31 of 35
Sector (Medical Products) 16 of 20
Type (Add-on Acquisition) 31 of 35
State (Minnesota) 2 of 3
Country (United States) 24 of 28
Year (2016) 3 of 3
Size (of disclosed) 1 of 28
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 -
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
Mergr

Product

Company

Legal