- Business
- Abbott Laboratories is a global healthcare company that discovers, develops, manufactures and sells a broad portfolio of medical products and services worldwide, with operations organized across Established Pharmaceutical Products, Diagnostic Products, Nutritional Products and Medical Devices; the company is headquartered in Abbott Park, Illinois, and was founded in 1888. Its diagnostics businesses include rapid and molecular diagnostics, point-of-care testing, laboratory and immunoassay systems, diabetes and continuous glucose monitoring technologies, and, following the 2026 acquisition of Exact Sciences, cancer diagnostics products including Cologuard and the Cancerguard multi-cancer screening test. Abbott’s medical devices portfolio includes cardiovascular, electrophysiology, structural heart, vascular, heart failure, neuromodulation and vision care products, while its nutrition business offers pediatric and adult nutrition, infant formula and medical nutrition products; its established pharmaceuticals segment markets branded generic medicines in international markets. In 2025 and 2026, Abbott advanced several major strategic changes, including entering into a definitive agreement to acquire Exact Sciences on November 19, 2025 and completing that acquisition on March 23, 2026 to expand into oncology diagnostics. The company also launched and received regulatory approvals for new electrophysiology offerings, including its Volt PFA System in the United States and CE Mark for the TactiFlex Duo Ablation Catheter, Sensor Enabled, in Europe, while beginning 2026 with a reorganization that combined its rapid, molecular and point-of-care diagnostics businesses into a single Rapid and Molecular Diagnostics segment and transferred the Amplatzer Amulet device from Structural Heart to Electrophysiology. Abbott further approved 2025 restructuring actions to streamline operations and reduce costs across Diagnostics, Nutritionals, Established Pharmaceuticals and Medical Devices, reflecting an ongoing operational efficiency program.