July 25, 2014 11:31 PM ET

Healthcare Equipment and Supplies

Company Overview of Abbott Vascular Inc.

Company Overview

Abbott Vascular Inc. manufactures devices for coronary artery disease, peripheral vascular disease, carotid artery disease, and structural heart disease. It offers XIENCE V Everolimus Eluting Coronary Stent System, a drug eluting stent for the treatment of coronary artery disease; cobalt chromium coronary stent platforms; balloon dilatation catheters; guide wires; and vessel closure technologies. The company was incorporated in 1995 and is headquartered in Santa Clara, California. Abbott Vascular Inc. operates as a subsidiary of Abbott Laboratories.

3200 Lakeside Drive

Santa Clara, CA 95054

United States

Founded in 1995





Key Executives for Abbott Vascular Inc.

Chairman of Abbott Laboratories and Chief Executive Officer of Abbott Laboratories and
Age: 59
Divisional Vice President of Diagnostics
Divisional Vice President of Medical Devices
Divisional Vice President of Pharmaceutical Products Group
Vice President of Medical Products Group
Age: 61
Compensation as of Fiscal Year 2014.

Abbott Vascular Inc. Key Developments

Abbott Vascular, Inc. Lay Offs 200 Jobs

Abbott Vascular, Inc. laid off approximately 200 employees on October 17, 2012. The layoffs had been anticipated since earlier this year when Abbott dismissed 700 employees worldwide, 300 in Temecula. In total, Abbott eliminated 550 from plants across the globe on October 17, 2012. The majority of the positions eliminated were in manufacturing. Those who lost their jobs were given severance packages, outplacement assistance and the opportunity to apply for vacant company positions.

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