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One Baxter Parkway Website: http://www.baxter.com Baxter International is a global healthcare company with subsidiaries that healthcare professionals and their patients with treatment of complex medical conditions including hemophilia, immune disorders, kidney disease, cancer, trauma and other conditions. Baxter produces vaccines for the prevention of infectious diseases. The company is the world's leading provider of products for peritoneal dialysis (PD), a self-administered homebased treatment for kidney disease, and also provides products for hemodialysis (HD), a procedure that takes place at a hospital or clinic. Baxter's three main business segments include: 1) Bioscience; 2) Medication Delivery; 3) Renal. In 2005, Baxter reported revenues of $9.84 billion and net income of $956 million. 45% of company sales were in the U.S. Baxter has manufacturing facilities around the world with 20,500 employees in the U.S. and 13,000 in Europe. History 1931 - The company is founded as the first manufacturer of commercially prepared intravenous solutions. 1933 - During its first two years, the company distributed products manufactured by another company in Los Angeles owned by Dr. Don Baxter. But as demand grew in the Midwest, the need for a more central manufacturing base became apparent. In 1933, the company opened its first manufacturing facility in a renovated automobile showroom in Glenview, Illinois. There, six employees turned out the complete line of five solutions in glass containers. 1935 -
The young company prospered and its products earned a reputation
for safety and effectiveness, giving physicians new confidence
in intravenous therapy. Dr. Ralph Falk purchased Dr. Baxter´s
interest in the company. He also developed an research-and-development
function that was the beginning of the company's pioneering advances
in medical technology. Strong commitment to R&D continues
today as the key to the company´s product development efforts. 1961 - Baxter stock began trading on the New York Stock Exchange 1979 - The company introduces the first automated blood-cell separator, the CS-3000 system. 1985 - Baxter acquires American Hospital Supply Corporation, becoming a broad-based health-care products distributor in addition to a developer of medical technologies. Benefits Baxter compensation includes base salary and bonus pay and stock options. - Medical coverage - A company-paid pension plan after one
year of service Updated May 14, 2006 |