Abbott Laboratories

Abbott Laboratories

Abbott Laboratories

Overview
Date Founded

1900

Headquarters

100 Abbott Park Road, Abbott Park, Illinois, 60064-6400, United States

Type of Company

Public

Employees (Worldwide)

107K

Industries

Pharmaceuticals
Biotechnology
Medical Products & Equipment
Hospitals & Patient Services
Medical Support Services
Food

Company Description

Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, Cardiovascular and Neuromodulation Products, and Other. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. The Vascular Products segment trades coronary, endovascular, structural heart, vessel closure, and other medical device products. The Other segment comprises of Abbott Medical Optics. The company was founded by Wallace Calvin Abbott in 1888 and is headquartered in Abbott Park, IL.

Contact Data
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Executives & Employees

President, Chief Executive Officer, Chief Operating Officer & Director

Executive Chairman

Executive Vice President, Finance & Chief Financial Officer

Executive Vice President, General Counsel & Secretary

Vice President of Information Technology & Chief Information Officer

Chief Information Security Officer

Executive Vice President-Human Resources

Executive Vice President, Nutritional Products

Executive Vice President, Established Pharmaceuticals

Executive Vice President, Core Diagnostics

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Abbott Laboratories
Owners & Shareholders
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The Vanguard Group is an American investment management company based in Malvern, Pennsylvania, that manages approximately $3.4 trillion[1] in assets. It is the largest provider of mutual funds and now the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock, with about $451 billion in ETF assets under management, as of March 2015.[3] It offers mutual funds and other financial products and services to retail and institutional investors in the United States and abroad. Founder and former chairman John C. Bogle is credited with the creation of the first index fund available to individual investors,[4] the popularization of index funds generally,[5] and driving costs down across the mutual fund industry.

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SSgA FM’s methods of analysis include quantitative, fundamental, technical, cyclical, indexing, arbitrage, charting and other strategy specific methods. They offer a broad range of strategies including: Active, Enhanced, and Passive Equity; Active & Passive Debt; Cash Management; Multi-Asset Class Solutions; Real Estate (including Direct Real Estate); Senior Loans; Managed Futures; and Private Equity. Active equity strategies include enhanced equity and active quantitative strategies. The strategies cover market-cap and style segments of the market including: large-cap core, large-cap growth, large-cap value, mid-cap, small-cap, small-cap value, all-cap, and long-short equity. They also manage long-short and long-short market neutral strategies. SSgA FM’s Active & Passive Debt strategies offers a range of investment styles from passive to active, short to long duration, tax-exempt, sovereign to high yield, and single country to global. The firm’s Cash Management strategies seek to generate current income while preserving capital and liquidity by investing in diversified portfolios of short-term securities. SSgA FM's Multi-Asset Class strategies employ an asset allocation model as means of diversification and seek to position assets among major investment categories. Their Multi Asset Class Solutions strategies employ an asset allocation model as a method of diversification that aims to position assets among major investment categories. SSgA FM’s Managed Futures strategy allocates assets using two approaches: a managed futures strategy and a fixed income strategy. The firm’s Private Equity strategies focus on rigorous partner selection, thorough evaluation of quality investment opportunities, and fundamental, research-driven research.

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CWGI is the investment adviser to the American Funds Group, a family of 30 funds marketed to individuals exclusively through financial advisers and other intermediaries. American Funds are also used as investment vehicles for 401ks, other retirement plans, variable annuities and 529 college savings plans. The funds have the following characteristics: (1) a long-term, value-oriented approach; (2) long-established, global research; (3) a multiple portfolio counselor system that combines teamwork with individual accountability; (4) experienced, long-tenured investment professionals; and (5) a commitment to low operating expenses, among the lowest in the fund industry. CWGI uses a Multiple Portfolio Counselor System wherein the assets of each fund are divided into smaller, more manageable portions. Research analysts typically manage a segment as well, bringing their expertise directly to bear on the fund's results and portfolio counselors are free to make their own decisions. Investment decisions are based on internal research.

Recent Transactions
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Abbott Laboratories purchases GLP Systems GmbH from Sonic Healthcare Limited

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Abbott Laboratories purchases Cephea Valve Technologies, Inc.

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Abbott Laboratories, IVC Industries, Inc. purchase Nutra Manufacturing, Inc. from GNC Holdings, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onAbbott Laboratories purchases St. Jude Medical LLC

Accountant

Advised onAbbott Laboratories purchases BASF Pharma Ltd. from BASF SE

Accountant

Advised onAbbott Laboratories purchases TheraSense, Inc.

Legal Advisor

Advised onAbbott Laboratories purchases TheraSense, Inc.

Legal Advisor

Advised onAbbott Laboratories purchases Solvay Pharmaceuticals SA from Solvay SA

Legal Advisor

Advised onAbbott Laboratories purchases Kos Pharmaceuticals, Inc.

Advisors & Consultants
Legal Advisor

Chair, Mergers & Acquisitions Practice at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Co-Executive Chairman at Winston & Strawn LLP

Clients

Covetrus, Inc. engages in developing technologies and services for animal health industry. It also provides products, software, and services to help drive improved patient health, strong client relationships, and successful financial outcomes for veterinary professionals. The company was founded by Benjamin J. Shaw in 2014 and is headquartered in Portland, ME.

Kolon Corp. is a holding company which engages in the management of its subsidiaries. Its main businesses include governance, management guidance, organization, and promotion of its subsidiaries; intellectual property rights such as brand trademark of Kolon, and related advertisement; property sales and leasing; and intangible assets sales, and market research and management consulting services. The company was founded on April 12, 1957 and is headquartered in Gwacheon, South Korea.

Robinsons Retail Holdings, Inc. engages in the business of trading goods, commodities, and merchandising of any kind. It operates through the following segments: Supermarket, Department Store, Do-It-Yourself (DIY), Convenience Store, Drug Store, and Specialty Store. The Supermarket segment offers health and wellness products. The Department Store segment provides local and international branded shoes, bags and accessories, ladies and men's wear, children's wear, and household items. The DIY segment operates under the brand name Handyman Do it Best, True Value, True Home, Robinsons Builders, and Home Plus which gives a wide selection of construction materials for contractors and builders. The Convenience Store segment contain Ministop convenience store that carries a wide assortment of merchandise and an extensive selection of ready to eat products. The Drug Store segment comprises pharmaceutical products and generic medicines. The Specialty Store division includes entertainment systems; coffee shops; toys and games; global fast fashion brands; local and international cosmetics; nail care products; and slush and fruit juice mixes. The company was founded by John L. Gokongwei, Jr. on February 4, 2002 and is headquartered in Pasig, Philippines.

Key Stats and Financials As of 2019
Market Capitalization
$194B
Total Enterprise Value
$170B
Earnings Per Share
$2.06
Revenue
$31.9B
Net Profit
$3.67B
Debt TEV
0.11x
TEVNet Income
46.34x
Enterprise Value EBITDAOperating
22.21x
Enterprise Value / Sales
5.32x
EBITDAMargin
23.84%
Total Equity
$31.3B
EBITDA
$7.6B
Total Debt
$19.1B
Non-Profit Donations & Grants
$500K - $1M
2018
$5,000 +
2017
Political Donations
$1,000
2006
$500
2005
$200
1995
Investments
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Creabilis Holdings Ltd. operates as a biotechnology company. The company was founded on June 7, 2013 and is headquartered in Canterbury, the United Kingdom.

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Reata Pharmaceuticals, Inc. is a clinical stage biopharmaceutical company, which engages in identifying, developing, and commercializing pharmaceutical products. Its product candidates are bardoxolone methyl and omaveloxolone, which activate the transcription factor Nrf2 to restore mitochondrial function, reduce oxidative stress, and resolve inflammation. The company was founded by W. Christian Wigley, Waldemar Priebe, Philip J. Thomas, Jef Karel de Brabander, Thomas C. Südhof, Jonathan M. Graff and J. Warren Huff on September 1, 2002 and is headquartered in Irving, TX.

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Enlight Biosciences LLC develops research tools for drug discovery and development. It offers patient-centric platforms that may impact all aspects of the connected health ecosystem from patient engagement and experience, to patient-focused research and development. The company was founded by Raju S. Kucherlapati, David Steinberg, Rakesh Kumar Jain, H. Robert Horbitz, and Sanjiv Sam Gambhir in July 2008 and is headquartered in Boston, MA.

Investors
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Managing Director at Lehman Brothers Europe Ltd.

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Executive Director at Hongkong Land Holdings Ltd.

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Life Peer at United Kingdom House of Lords

Suppliers
American Software Inc. Computer Software | Atlanta, GA

American Software (NASDAQ: AMSWA) provides demand-driven supply chain management and enterprise software solutions backed by more than 40 years of industry experience that drive value for companies regardless of market conditions. American Software, Inc. (American Software) develops, markets and supports a portfolio of software and services that deliver enterprise management and collaborative supply chain solutions to the global marketplace. The Company's software and services are designed to bring business value to enterprises by supporting their operations over intranets, extranets, client/servers or the Internet. It provides software solutions through three business segments, which are broken down into four product and service groups. The three business segments include Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting

Sonoco Products Co. Paper Products | Hartsville, South Carolina

Sonoco Products Co. engages in the manufacture of industrial and consumer packaging products and services. It operates through the following segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, Protective Solutions, and Corporate. The Consumer Packaging segment offers round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging; global brand artwork management; and metal and peelable membrane ends and closures. The Display and Packaging segment consists designing, manufacturing, assembling, packing, and distributing temporary, semi-permanent, and permanent point-of-purchase displays; supply chain management services; retail packaging; and paper amenities. The Paper and Industrial Converted Products segment comprises paperboard tubes, cones, and cores; fiber-based construction tubes; wooden, metal, and composite wire and cable reels and spools; and recycled paperboard, linerboard, corrugating medium, recovered paper, and material recycling services. The Protective Solutions segment provides custom-engineered, paperboard-based and expanded foam protective packaging and components; temperature-assured packaging. The Corporates segment covers restructuring charges, asset impairment charges, gains from the disposition of businesses, insurance settlement gains, acquisition-related costs, non-operating pension costs, interest expense, and interest income. The company was founded on May 10, 1899 and is headquartered at Hartsville, SC.

Littelfuse, Inc. Internet Software & Services | Chicago, Illinois

Littelfuse, Inc. engages in supplying of circuit protection products for the electronics, automotive and electrical industries. The company offers electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems. It operates through the following segments: Electronics, Automotive, and Industrial. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions. The Automotive segment maintains a direct sales force to service all the major automotive OEMs and system suppliers domestically. The Industrial segment consists of power fuses and holders, protection relays and controls and other circuit protection products for use in various industrial applications such as oil, gas, mining, alternative energy, electric vehicle infrastructure, non-residential construction, HVAC systems, elevators and other industrial equipment. The company was founded by Edward V. Sundt in 1927 and is headquartered in Chicago, IL.

Awards & Honors
Rank #138
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #138
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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