"We talk about M&A, and obviously M&A is opportunistic, but transformative M&A is not in the cards as we speak right now. So we're looking at strengthening our current core businesses, and by doing it, we're going to go into adjacencies . . .

As currency weakens in some countries in Latin America, offers an opportunity for potential acquisitions there at a reasonable price, with a good return on investment. . . 

We also will be very diligently looking for partnerships and acquisitions to supplement [the Integrated Pharmacy Solutions] business, because we think there's a great deal of opportunity for the company there as an adjacency."

José Almeida, Baxter chairman, president, and CEO, according to a Seeking Alpha transcript of the company's first quarter earnings call

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