Abbott completes Guidant vascular unit purchase

Pharmaceutical firm Abbott Laboratories has completed its acquisition of Guidant's vascular business.

The deal provides Abbott with Guidant's vascular intervention and endovascular solutions business units, which had combined sales of more than $1 billion in 2005, according to Abbott of Abbott Park, IL. The units employ nearly 6,000 people at three primary locations in Santa Clara, CA; Temecula, CA; and Clonmel, Ireland.

By AuntMinnie.com staff writers
April 21, 2006

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