ABBOTT LABORATORIES acquires i-STAT Corporation
Snapshot
ABBOTT LABORATORIES acquired i-STAT Corporation for $15.35 per share in cash (approximately $392 million) in January 2004. The transaction was structured as all cash (tender offer and merger). i-STAT Corporation is a East Windsor, New Jersey, USA-based Diagnostics — point of care testing business.
- Acquirer
- ABBOTT LABORATORIES
- Target
- i-STAT Corporation
- Value
- $15.35 per share in cash (approximately $392 million)
- Date
- January 2004
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
ABBOTT LABORATORIES acquired i-STAT Corporation for $15.35 per share in cash (approximately $392 million), a transaction completed in January 2004, structured as all cash (tender offer and merger).
i-STAT Corporation operates in Diagnostics — point of care testing, is based in East Windsor, New Jersey, USA. i-STAT Corporation is a maker of handheld point-of-care blood analysis systems used at the patient's bedside.
Adds handheld point-of-care diagnostic testing to Abbott's diagnostics portfolio.
Established Abbott in handheld point-of-care testing, a long-running growth platform (Abbott i-STAT). Became Abbott Point of Care (i-STAT)
No advisory firms have been disclosed for this transaction.