Abbott To Focus On Higher-Margin Drug Products, Spins Off Hospital Division
Executive Summary
Abbott plans to focus investments on higher-margin products following the spin-off of its hospital products division
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Abbott Sets Hospira Spin-Off For May 3; Market Cap Estimated At $5 Bil.
Abbott Labs will complete the spin-off of its hospital products business Hospira on May 3
Abbott Sets Hospira Spin-Off For May 3; Market Cap Estimated At $5 Bil.
Abbott Labs will complete the spin-off of its hospital products business Hospira on May 3
Abbott hospital product spin-off named “Hospira”
Abbott's hospital products company will be named "Hospira" when it spins off in 2004. The name, suggested by an Abbott employee, edged out "Acubiq" in a vote by all Hospira employees. "Hospira is derived from the words hospital, spirit, inspire and the Latin word spero, which means hope," Abbott said. Abbott announced the spin-off of the division Aug. 22 (1"The Pink Sheet" Aug. 25, 2003, p. 13)...