© 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
Navigating the Cultural Biases of AI: A Guide for Businesses
News
22/04/2025Navigating the Cultural Biases of AI: A Guide for Businesses

From customer service chatbots to recruitment tools and creative brainstorming assistants, Artificial intelligence (AI) is rapidly becoming a workplace staple.

Read Full PostRead - Eye Icon
Tech-led M&A: How to Attract a Buyer
Leadership
05/06/2019Tech-led M&A: How to Attract a Buyer

The tech sector is one of the most targeted for M&A activity, attracting a wide variety of cross-industry buyers.

Read Full PostRead - Eye Icon
Intelligent proliferation: Using AI effectively
Strategy
26/04/2021Intelligent proliferation: Using AI effectively

Nate Burke, CEO of Diginius, a UK provider of proprietary software for digital marketing and ecommerce solutions, believes businesses could be getting more out of their use of AI. In this piece, he explains how businesses can use intelligent proliferation to t

Read Full PostRead - Eye Icon
The Global Face of Fraud: Mitigating Fraud Risks When Expanding Internationally
News
13/11/2023The Global Face of Fraud: Mitigating Fraud Risks When Expanding Internationally

Global expansion is the way forward for businesses looking to upscale in 2023 and beyond. The past few years have laid the foundation for international expansion, and now more and more merchants are embracing the opportunities.

Read Full PostRead - Eye Icon
Patience in Probate
Legal
08/07/2024Patience in Probate

In recent years following the pandemic, the average length of time to obtain a Grant of Probate has risen significantly. Probate has been known to take up to 16 weeks following submission of an application, with delays as long as 24 weeks in complex estates, o

Read Full PostRead - Eye Icon
Navigating Dutch Business Culture: Advice for Expanding Your Business Operations to the Netherlands
Corporate Social Responsibility
23/05/2023Navigating Dutch Business Culture: Advice for Expanding Your Business Operations to the Netherlands

Around 400 companies each year set up their Business in the Netherlands, coming from Europe, North and South America, and Asia - and continues to be a place of choice for business expansion.

Read Full PostRead - Eye Icon
No Stopping for  Lithuania’s Fastest Growing Bank
Finance
14/02/2017No Stopping for Lithuania’s Fastest Growing Bank

Acquisition Intl. magazine has named Šiaulių Bankas 2016 Bank of the Year - Lithuania, and figures for last year show the bank had its best performance yet.

Read Full PostRead - Eye Icon
Cimarron Energy Acquires Diverse Energy Systems Assets
M&A
01/02/2016Cimarron Energy Acquires Diverse Energy Systems Assets

Cimarron Energy announced that it has closed on the acquisition of substantially all of the assets of Diverse Energy Systems today.

Read Full PostRead - Eye Icon
AppleTree Capital Ltd Supplement
Finance
01/07/2016AppleTree Capital Ltd Supplement

AppleTree is an awarded alternative investment manager launched in May 2010 by Michael Nicoletos and Dimitris Apistoulas



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 a number of 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