Abbott Laboratories (ABT) Strikes Deals To Purchase 2 Device Companies – ValueWalk Premium
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Abbott Laboratories (ABT) Strikes Deals To Purchase 2 Device Companies

Abbott Laboratories (NYSE:ABT) announced it has entered into an agreement to purchase two companies to add to its Medical Device portfolio: IDEV Technologies, a peripheral play ($310 million) and OptiMedica, an ophthalmic device company ($250 million+$150 million milestone based payments).

Deal impact: IDEV Technologies & OptiMedica

Management expects to close both deals before the end of the year and have a neutral impact in 2013-2014 . . .

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