MD+DI Online is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

GE May Buy Abbott's Diagnostics Business

Reports have surfaced that GE Healthcare plans to acquire Abbott's diagnostics equipment business for about $8 billion. As of this morning, neither firm had officially confirmed the deal, but it is being reported by Bloomberg News and others. Abbott's diagnostics business has slowed in growth recently, and perhaps the firm wants to divest it in order to focus more on pharmaceuticals. Bayer did the same thing last year.

GE Healthcare has been aggressively pursuing expansion of its business ever since its 2004 acquisition of Amersham. But the firm is in FDA's doghouse, so integration could be complicated. UPDATE: The deal is now official.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.