Pharmaceutical company Abbott Laboratories, Abbott Park, Ill., plans to pay $123 million in cash to buy Starlims Technologies, a company based in Hollywood, Fla., that provides Web-based laboratory information management systems.
Abbott to buy Starlims for $123 million
In a news release, Abbott said the addition would strengthen its competitive position in the global diagnostics market. “The acquisition of Starlims will provide Abbott with leading products to build upon existing technologies and expertise in the emerging field of healthcare informatics,” Edward Michael, executive vice president of diagnostics products, said in the release.
Abbott expects the transaction, subject to customary closing conditions, to close in the first quarter of 2010.
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