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Abbott: A Strong Union One Year Later

Abbott's union with St. Jude Medical is paying off already: A look at the first year together.

Abbott is No. 10 on the DiversityInc Top 50 Companies list 


A year after Abbott acquired St. Jude Medical, it's clear the pair are even better together.

In 2017, the company grew its leadership in cardiovascular, with No. 1 and No. 2 positions in nearly every segment of the more than $30 billion market, strengthening its portfolio in atrial fibrillation, heart failure, cardiac arrhythmias, cardiac rhythm management, structural heart and vascular disease. Abbott also drove 40 percent growth in its neuromodulation business, which addresses pain and movement disorders, and boosted the company to the No. 1 spot in spinal cord neurostimulation.

In those businesses, as well as in Abbott's diagnostics, nutrition and medicines businesses, Abbott launched more than 20 products around the world in 2017, adding to its product portfolio of more than 1,500 diversified offerings.

"Our devices business had a spectacular year, exceeding many expectations," said Robert Ford, Abbott's executive vice president, Medical Devices. "Just one year since the acquisition of St. Jude Medical, we have doubled the growth rate of that business. We did this by remaining steadfast in our commitment to deliver innovative, life-changing technologies."

Hitting integration goals

A combination of complementary products, leadership positions in Abbott's segments, cultural fit and a strong pipeline helped meet the company's integration goals. So did Abbott's integration expertise, led by a specialized internal transition organization that's been in place since 2007, leading the company to success on dozens of transactions.

"We have a strong track record of successfully integrating businesses on a global scale and accelerating growth, and the integration of St. Jude Medical — the largest acquisition in Abbott's history — was no exception," Ford said. "We delivered on, and in many cases, exceeded, our integration goals.

"I attribute our success squarely on the employees – from both organizations – who shared the vision and passion for what we could be together," Ford added. "We knew from the start we had a strong cultural fit, but I never cease to be amazed by the collaborative spirit and relentless enthusiasm of our combined teams to deliver for our customers."

Value for health systems

Indeed, employees share the vision to go beyond products to help health care professionals manage the entire disease state, while helping to control costs.

For heart disease – the top reason for hospitalization for people older than 65, with the most cost to Medicare than any other diagnosis1 – the company has technology leadership in every category, offering a complementary portfolio of innovative products that are helping to set a new standard of care.

Abbott integrates technologies and operations to allow better patient management and to partner with customers more effectively and efficiently. The Merlin.net patient care network, for example, imports cardiac information from a patient's implanted device remotely to their clinicians, enabling them to more effectively monitor and manage the patient's condition.  This not only improves care, but also can help reduce hospital readmission rates and the associated cost to hospital systems.

"Our new, stronger medical devices business is focused on helping our customers grow and on providing physicians and their patients with even more options, more life-changing technologies that will drive value, improve outcomes and empower people to live their healthiest and fullest lives," Ford said.

Abbott: Top Internship for Healthcare and Tech

Interns have spoken: Abbott is the top college internship program for healthcare and tech & engineering.

Originally Published by Abbott.

Abbott recognizes the need to develop its future leaders early, and has been named the top healthcare and tech & engineering internship program by Vault.

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New Study Shows Abbott's Novel Diagnostic Test Could Help Rule Out Heart Attacks Earlier

Preliminary research indicates that a diagnostic test currently in development, that is done at the patient's side in minutes, has similar accuracy to a high-sensitive troponin test for early rule out of a heart attack .

Originally Published by Abbott.

For someone experiencing cardiac symptoms in the emergency room, every minute matters as physicians determine whether someone is having a heart attack. New data, published online in JAMA Cardiology, found a new blood test under development that is done right at the patient's side in as little as 15 minutes could identify nearly three-fifths (56.7 percent) of people at low-risk of experiencing a heart attack, similar to the results of a High Sensitive Troponin-I blood test done in the laboratory setting.

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Abbott: Partnering for a Healthier Future

Abbott supports the First Ladies of Africa in the fight to end AIDS in children and keep mothers healthy.

Originally Published by Abbott.

In countries around the world, Abbott is working across its businesses and in partnerships with others to create healthier futures for families. One example: since 2014, Abbott's diagnostics business has supported the work of the Organization of African First Ladies Against HIV/AIDS (OAFLA – pictured above) to fight the AIDS epidemic in Africa, particularly among pregnant women and children – who are among the most vulnerable populations impacted by the disease.

At an OAFLA meeting on the sidelines of the UN General Assembly in New York City, Abbott and several other organizations are being recognized by OAFLA for longstanding partnership and support, including public-private partnerships that bring together technical, financial and other resources to focus on a global health challenge such as HIV/AIDS.

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Abbott: DRG Stimulator, A Life Changing Technology for Chronic Pain.

The new technological DRG therapy may be the key to easing daily tasks for those with chronic pain.

Originally Published by Abbott.

Living with chronic pain affects not just your body but also your mind. It can make getting around and getting along equally difficult.

But with innovation in health technology comes hope. Abbott has developed a new device found to be more effective than traditional therapy at relieving chronic pain.

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Abbott: Expediting Blood Testing With i-Stat

The portable, handheld i-STAT Alinity delivers quick blood test results anywhere you are.

Originally Published by Abbott.

Every day, countless blood samples are tested all around the world for one purpose: to help diagnose and treat medical conditions. From the couple eagerly awaiting the results of a pregnancy blood test to a worried cancer patient hoping for more answers, diagnostic blood tests give vital insight into what's happening underneath the skin.

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Abbott: Freestyle Libre 14 Day, Now FDA Approved

Abbott's flash glucose monitor now FDA-approved for two weeks of use in U.S. between sensor changes.

Originally Published by Abbott.

The U.S. Food and Drug Administration has approved FreeStyle Libre 14 day— Abbott's revolutionary continuous glucose monitoring system. In the U.S., you can wear the sensor up to 14 days with high accuracy.

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At Abbott, You Look Like An Engineer

Decades before #ILookLikeAnEngineer, Abbott paved the way for a non-profit dedicated to diversity in STEM.

Originally Published by Abbott.

#ILookLikeAnEngineer.

Remember this? A few years ago, a young software engineer was featured in a recruiting advertisement, only to be accused of not being an actual engineer. Frustrated with the assertion, Isis Wenger started a movement to break the stereotype of what an engineer should look like.

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Abbott Receives FDA Approval for Next-Generation MitraClip Device to Treat People with Leaky Heart Valves

MitraClip is the gold-standard minimally invasive alternative to open-heart surgery for people needing mitral valve repair.

Originally Published by Abbott.

Abbott announced it received approval from the U.S. Food and Drug Administration (FDA) for a next-generation version of its leading MitraClip® heart valve repair device used to repair a leaky mitral valve without open-heart surgery. The transcatheter clip-based therapy, now on a third generation of product innovations, has been used to treat more than 65,000 patients worldwide over the last ten years.

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