Healthcare Sector Review: STARLIMS Acquisitions

Abbott Laboratories (NYSE:ABT): As part of a series of strategic moves to build its laboratory information management system business in Europe and emerging markets in Latin America and Africa, STARLIMS Technologies, an Abbott company, has announced the acquisition of several longtime distribution partners. These acquisitions include STARLIMS’s French distributor Varilab; operations of two privately held Spanish businesses, now operating as STARLIMS Iberica; a privately held Dutch company, now operating as STARLIMS Netherlands, with a branch office in Solna, Sweden; and the business of its Israeli distribution partner, STARLIMS Israel. In addition, the company established STARLIMS Germany GmbH, with offices in Witten, Germany, to provide direct support for its German and Swiss customers.

The shares closed at $57.39, up $0.07, or 0.12%, on the day. Its market capitalization is $90.24 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

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