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)

109K

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, and Medical Devices. 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 Medical Devices segment includes electrophysiology, heart failure, vascular and structural heart devices for the treatment of cardiovascular diseases, and diabetes care products for people with diabetes, as well as neuromodulation devices for the management of chronic pain and movement disorders. 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

Director, Chief Executive Officer & President

Executive Chairman

Chief Financial Officer & Executive Vice President-Finance

Executive Vice President, General Counsel & Secretary

Vice President of Information Technology & Chief Information Officer

Chief Information Security Officer

Vice President, Finance, Controller & Principal Accounting Officer

Executive Vice President, Human Resources

Executive Vice President, Nutritional Products

Executive Vice President, Established Pharmaceuticals

Board of Directors

Executive Chairman at Frontier Communications Corp.

Chief Executive Officer at Wolters Kluwer NV

Director, Chief Executive Officer & President at Abbott Laboratories

Former Chief Executive Officer at The Northern Trust Company

President & Chief Executive Officer at Austin Investment Advisors

Former Chairman, Midwest Business at JPMorgan Chase & Co.

President & Chief Executive Officer at Catholic Charities of the Archdiocese of Chicago

Chief Operating Officer at St. Jude Medical S.C., Inc.

Chief Executive Officer at 3M Company

Former Member, Chief of Staff Operations Group at United States Air Force

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Owners & Shareholders
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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.

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CRMC's International Investors division invests primarily in the stocks of large-cap growth-oriented companies across practically all sectors. Although they invest internationally, most of their investments are in the stocks of North American companies. They maintain an investment philosophy that is distinguished by four key beliefs: (1) solid research is fundamental to sound investment decisions; (2) investment decisions should not be made lightly; (3) a long-term approach; (4) the capital system.

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Polen Capital is a disciplined, bottom-up, concentrated equity investment manager. Their sole focus is high quality growth investments. They invest in companies with growing earnings driven by solid franchises, strong balance sheets, experienced management teams and leading products/services.

Recent Transactions
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Francisco Partners Management LP purchases STARLIMS Technologies Ltd. from Abbott Laboratories

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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.

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

Agios Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the discovery and development of novel investigational medicines to treat cancer and rare genetic diseases. It focuses on diseases that are directly caused by changes in genes or chromosomes, often passed from one generation to the next. The company was founded by Lewis Clayton Cantley, Tak W. Mak, Craig B. Thompson and Shin-Shan Michael Su on August 7, 2007 and is headquartered in Cambridge, MA.

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 firm geographically operates through the segments: North America, Europe and Asia Pacific (APAC) & Emerging Markets. The company was founded by Benjamin J. Shaw in 2014 and is headquartered in Portland, ME.

Government of the United Kingdom is the central government of the United Kingdom of Great Britain and Northern Ireland.The government is led by the Prime Minister, who selects all the remaining ministers. The prime minister and the other most senior ministers belong to the supreme decision-making committee, known as the Cabinet.

Key Stats and Financials As of 2020
Market Capitalization
$226B
Total Enterprise Value
$209B
Earnings Per Share
$2.5
Revenue
$34.6B
Net Profit
$4.47B
Enterprise Value / Sales
6.02x
Enterprise Value EBITDAOperating
24.06x
TEVNet Income
46.62x
Debt TEV
0.1x
EBITDAMargin
24.9%
EBITDA
$8.62B
Total Debt
$19.9B
Total Equity
$33B
Three Year Compounded Annual Growth Rate Of Revenue
8.11%
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. Sudhof, Jonathan M. Graff, and J. Warren Huff in 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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Life Peer at United Kingdom House of Lords

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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; Paper and Industrial Converted Products; Protective Solutions; and Display and Packaging. The Consumer Packaging segment offers round and shaped rigid containers; fiber and plastic caulk and adhesive tubes; and aluminum, steel, and peelable membrane easy-open closures for paper and metal cans. The Paper and Industrial Converted Products segment produces recycled paperboard, chipboard, tubeboard, lightweight corestock, and boxboard. The Protective Solutions segment manufactures custom-engineered, paperboard-based, and molded foam protective packaging and components. The Display and Packaging segment consists of point-of-purchase displays, custom packaging, retail packaging, and supply chain management. 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 the manufacture of technologies in circuit protection, power control and sensing. 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 consists of a range of circuit protection, power control and sensing technologies for global original equipment manufacturers (OEMs). The Industrial segment includes 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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