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)
Advisory firms were not disclosed for this transaction.