![danaher beckman coulter danaher beckman coulter](http://dev.rodpub.com/images/171/797_main.jpg)
An operating company of Danaher Corporation since 2011, Beckman Coulter is headquartered in Brea, Calif., and has more than 11,000 global associates working diligently to make the world a healthier place. We do this by accelerating care with a menu that matters, bringing the benefit of automation to all, delivering greater insights through clinical informatics and unlocking hidden value through performance partnership. Our diagnostic systems are used in complex biomedical testing, and are found in hospitals, reference laboratories and physician office settings around the globe.īeckman Coulter offers a unique combination of people, processes and solutions designed to elevate the performance of clinical laboratories and healthcare networks. Danaher was advised by Morgan Stanley.Beckman Coulter is committed to advancing healthcare for every person by applying the power of science, technology, and the passion and creativity of our teams to enhance the diagnostic laboratory’s role in improving healthcare outcomes. Culp said that Danaher would continue to look for more deals as a path for growth, though he expected other purchases this year to be smaller acquisitions to augment existing businesses.īeckman was advised by Goldman Sachs and the law firm Latham Beckman is by far the manufacturingĬonglomerate’s largest-ever purchase, according to data from Capital IQ. The life sciences unit that Beckman is to be merged into did not exist six years ago, for example. 9.ĭanaher is known for its steady history of acquisitions to expand its various businesses. They have risen about 44 percent since Dec. Shares in Beckman jumped nearly 10 percent to $82.65 on Monday. Investors seemed to agree: Shares in Danaher rose more than 2 percent to $49.03, an unusual occurrence since the stocks ofĪcquirers tend to go down after a deal is announced. Culp said that Danaher was paying “a very fair price” for Beckman Coulter. The deal is expected to close by the first half of this year, pending a vote by Beckman shareholders. Including Beckman’s debt, Danaher’s deal is valued at $6.8 billion. In one and Apollo Global Management and the Carlyle Group in the other - in a closely watched auction. Danaher finally decided to makeĪ move last year after Beckman signaled to various potential suitors that it was open to a sale.ĭanaher beat out two private equity consortiums - the Blackstone Group and TPG Capital Culp said that his company had placed Beckman on its acquisition wish list more than six years ago, and had been building up a strong balance sheet to help finance a large purchase. Based in Brea, Calif., the company has 11,800 employees.īut it endured a rough 2010, a year that included the unexpected resignation of its chief executive, Scott Garrett, and earnings forecasts that had to be lowered twice.īeckman also received a warning from the Food and Drug Administration last summer over its marketing of a test for heart problems without receiving the agency’s Among Danaher’s goals are improvingīeckman’s international distribution and cutting up to $250 million in manufacturing and administrative costs.īuilt from a 1997 merger of Beckman Instruments and Coulter, a maker of blood analysis machines, the modern-dayīeckman is one of the biggest names in biomedical lab instruments. Culp said that Danaher planned to merge Beckman into its life sciences group, increasing earnings a share by 5 to 10 cents this year and as much as 30 cents a share next year.
![danaher beckman coulter danaher beckman coulter](https://media.beckman.com/-/media/corporate/contact-us/korea-office-image.jpg)
Lawrence Culp Jr., Danaher’s chief executive, said in a telephone interview on Monday.
![danaher beckman coulter danaher beckman coulter](http://www.crossingwallstreet.com/wp-content/uploads/2011/02/big020711.gif)
![danaher beckman coulter danaher beckman coulter](https://cdn.phenompeople.com/CareerConnectResources/DANAGLOBAL/images/ScreenShot2021-05-20at11.38.52AM-1621525441085.png)
“Beckman Coulter is an iconic franchise with a strong brand and a leadership position in its space,” H.