© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Abbott Completes the Acquisition of St. Jude Medical
Posted 10th January 2017

Abbott Completes the Acquisition of St. Jude Medical

Abbott announced today it has completed the acquisition of St. Jude Medical, Inc., establishing the company as a leader in the medical device arena.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Abbott Completes the Acquisition of St. Jude Medical
Image

Abbott announced today it has completed the acquisition of St. Jude Medical, Inc., establishing the company as a leader in the medical device arena. The transaction provides Abbott with expanded opportunities for future growth and is an important part of the company’s ongoing effort to develop a strong, diverse portfolio of devices, diagnostics, nutritionals and branded generic pharmaceuticals.  

“Abbott has a strong track record of successfully integrating dozens of businesses on a global scale and accelerating growth,” said Miles D. White, chairman and chief executive officer, Abbott. “The addition of St. Jude Medical strengthens our global medical device leadership while offering innovative products to address more areas of care, in more physicians’ offices and hospitals around the world.”

Pursuant to the terms of the Merger Agreement, upon completion of the acquisition, St. Jude Medical became a wholly-owned subsidiary of Abbott. As a result of the completion of the acquisition, Jan. 4, 2017, was the last day of trading of St. Jude Medical shares on the New York Stock Exchange. 

Strategic Fit
St. Jude Medical’s strong positions in fast-growing areas such as atrial fibrillation, heart failure, structural heart and chronic pain complement Abbott’s leading positions in coronary interventions and mitral valve disease. Together, the company will compete in nearly every area of the $30 billion cardiovascular market and hold the No. 1 or 2 positions across large and high-growth cardiovascular device markets. This leading combined portfolio will have the depth, breadth, scale and innovation to help patients restore their health, improve outcomes and deliver greater value to customers and payors. Furthermore, the acquisition balances and strengthens the Abbott portfolio, which includes leading positions across all of its four core businesses. 

Breakthrough Invention
Abbott will have a powerful pipeline across cardiovascular and neuromodulation patient care ready to deliver next-generation medical technologies and offer improved efficiencies for health care systems around the world. In fact, Abbott will continue to bring numerous new products to key markets during the coming years, including:

EnSite Precision™ (which received U.S. FDA approval last month) next-generation cardiac mapping system to visualize and navigate catheters in the heart during ablation procedures
ConfirmRx™ Implantable Cardiac Monitor to help physicians remotely diagnose and treat the most difficult to detect cardiac arrhythmias

HeartMate 3®, which offers physicians more options for patients with advanced stage heart failure
Portico™ Transcatheter Aortic Heart Valves for patients with severe aortic stenosis – the narrowing of the aortic valve that obstructs blood flow from the heart.

Proclaim™ DRG system and other stimulation waveform technologies to provide more options for patients with chronic pain
Absorb™, the world’s first bioresorbable coronary stent and MitraClip®, the world’s first transcatheter mitral-valve repair device in additional countries.

“We continue to deliberately shape our business for long-term success by securing leadership positions in attractive markets and focusing on customer needs,” said Mr. White. “This philosophy has served as the foundation for significant and sustainable value creation for our shareholders. The addition of St. Jude Medical creates one of the broadest medical device portfolios in the world and provides a steady stream of new technologies and therapies for many years to come.”

Categories: Finance, Leadership, M&A


You Might Also Like
Read Full PostRead - Eye Icon
What Do Criminal Lawyers Do, Exactly?
Legal
30/09/2022What Do Criminal Lawyers Do, Exactly?

It’s easy to think that because you’ve seen A Few Good Men or watched a few episodes of Suits, you know what lawyers get up to from day to day.

Read Full PostRead - Eye Icon
How Warranties Improve Customer Service
News
24/02/2023How Warranties Improve Customer Service

Any business that sells high-value products should offer a warranty with each purchase to consumers. There are a few reasons why warranties are beneficial for both businesses and consumers, and you should find that it helps to increase sales for any high-value

Read Full PostRead - Eye Icon
Improving Your Physical Store Layout- 4 Design Principles to Apply
News
09/09/2024Improving Your Physical Store Layout- 4 Design Principles to Apply

Improving Your Physical Store Layout: 4 Design Principles to Apply An effective store layout plays a vital role in shaping the overall shopping experience and directly influences several key aspects of retail performance. The most well-designed layout will mak

Read Full PostRead - Eye Icon
How Can Speech Analytics Improve Your Business Marketing?
News
01/08/2023How Can Speech Analytics Improve Your Business Marketing?

When it comes to your marketing, it’s important to have the right tools implemented into your processes to enhance your results, which in turn, could benefit your business.

Read Full PostRead - Eye Icon
Insurance Company Approached You To Settle A Claim: Here’s What To Do
News
07/03/2022Insurance Company Approached You To Settle A Claim: Here’s What To Do

If you have been injured in an accident, you are probably in a lot of pain. You may have to attend multiple doctor’s appointments and miss plenty of work. You just want this all to be over with and to get back to your normal life.  When an insurance

Read Full PostRead - Eye Icon
Should You Fund Your Startup With Personal Credit Cards? Pros, Cons & Key Considerations
News
17/08/2022Should You Fund Your Startup With Personal Credit Cards? Pros, Cons & Key Considerations

Getting a new business off the ground when you don’t have the necessary capital saved up can be quite tricky. Risk capital sources such as angel investors, and VCs give a hard pass to the large majority of small businesses, unless they have breakthrough idea

Read Full PostRead - Eye Icon
How to Choose the Right Software Development Firm
Strategy
13/07/2023How to Choose the Right Software Development Firm

In today's digital age, software development is essential to corporate growth and success. Whether you want to create a unique software solution or improve an existing one, selecting the proper software development firm is crucial.

Read Full PostRead - Eye Icon
What The Latest Google Algo Updates Mean For Small Independent Webmasters
News
23/10/2023What The Latest Google Algo Updates Mean For Small Independent Webmasters

There’s no question that navigating the terrain of Google’s algorithm updates can be a daunting task for small independent webmasters. Stick with us as we go about unraveling how these changes can impact your site and offer practical strategies to

Read Full PostRead - Eye Icon
3 Tax Tips for Non-Profits
Finance
20/04/20213 Tax Tips for Non-Profits

The UK government allows charities, aka non-profits, to use quite a few tax exemptions and benefits to minimise their total due tax amount every year. However, in order to really take advantage of those benefits as a non-profit organisation, the administrative



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow