Develops pharmaceutical and medical products.
100 Abbott Park Rd.
Abbott Park, IL 60064
CEO: Miles White
Stock Symbol: ABT
Abbott is a global healthcare company devoted to improving life through the development of products and technologies that span the breadth of healthcare. With a portfolio of leading, science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals, Abbott serves people in more than 150 countries and employs 69,000 people.
The company is comprised of four businesses of roughly equal size diagnostics, medical devices, nutritionals and branded generic pharmaceuticals. Abbott's businesses are all leaders in their respective fields and hold the top market positions across numerous categories. These businesses develop leading, science-based products that are meeting the needs of patients and consumers in the evolving global healthcare environment.
Revenue among Abbott's businesses is well balanced geographically, with 30 percent generated in the United States, 30 percent from Western Europe, Canada, Japan and Australia, and 40 percent from emerging markets, including India, China, Russia and Brazil. The company's presence in these high-growth markets is among the most expansive of any diversified healthcare company and is expected to reach nearly 50 percent of sales by 2015.
The company completed the acquisition of Latin American drugmaker CFR Pharmaceuticals in September 2014 for $2.9 billion.
The company had total sales of $21.8 billion in 2013. Net income for the year was $2.57 billion.
The company was originally founded in 1900 by Dr. Wallace Calvin Abbott, a Chicago physician.
Abbott acquired Solvay Pharmaceuticals in 2010 for $6.2 billion.
In January 2013, Abbott completed the separation of its research-based pharmaceuticals business, which became AbbVie, an independent biopharmaceutical company.
Abbott offers employees a pension plan, matching 401(k), and cash profit sharing.· Comprehensive benefits package includes health, dental, life and longterm disability insurance.
The company recognizes a total of 11 holidays each year, including standard holidays and companydesignated holidays. In addition, Abbott offers paid vacation of three weeks per year for new employees (prorated in the first year, based on date of hire).
Abbott has the largest child care center in the state of Illinois. The company also offers an all-day kindergarten program.
Updated October 10, 2014