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Abbott Becomes CRM Player Overnight By Completing St. Jude Deal

 
• By Reed Miller

Abbott Laboratories has finalized its $25b takeover of St. Jude Medical, first announced in April, making Abbott a major player in almost every corner of the $30bn cardiovascular device market.

Abbott Laboratories Inc.'s acquisition of St. Jude Medical Inc. gives it the second biggest share of the cardiac rhythm management device market, a space it has not competed in before.

The acquisition, worth $25b, was first announced in April, closed Jan. 4. (Also see "The Rumors Were True: Abbott Buys St. Jude For $25b To Create Third Cardiovascular Giant...

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