Abbott Laboratories hopes to lower costs, fend off new threats, and grow in point-of-care with recent acquisition spree

In the past three months, Abbott Laboratories announced two seemingly unrelated mega acquisitions. First, in February, the company agreed to purchase Alere, a global leader in the growing point-of-care (POC) diagnostic market, for $5.8 billion. Then, in late April, it went after St. Jude Medical,...

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