Several news reports have surfaced that General Electric is close to a deal to buy the diagnostics unit of Abbott Laboratories for about $5 billion. A deal would greatly increase the size of GE's healthcare business, which has been focused on expanding its presence in IT as well as molecular diagnostics.
- read the AP's report [1] on the talks
Related Articles:
JPMorgan, GE make healthcare acquisitions. Report [2]
Abbott documents reveal plan to boost AIDS drug sales. Report [3]
Links:
[1] http://www.southernillinoisan.com/articles/2007/01/18/ap-state-il/d8mnehdo0.txt
[2] http://www.fiercehealthcare.com/story/jpmorgan-ge-make-healthcare-acquisitions/2007-01-18
[3] http://www.fiercebiotech.com/story/abbott-documents-reveal-plan-to-boost-aids-drug-sales/2007-01-03