Abbott Laboratories is winner of AmHS' Tibbetts Memorial Award for minority business development.SAN DIEGO--(BUSINESS WIRE)--Jan. 10, 1995--American Healthcare (AmHS) has selected Abbott Laboratories Abbott Laboratories (NYSE: ABT) is a diversified pharmaceuticals and health care company. It has over 65,000 employees and operates in 130 countries. The corporate headquarters are in Abbott Park, Illinois, a neighborhood of North Chicago, Illinois. as the 1994 recipient of the Samuel J. Tibbetts Memorial Award. The annual award recognizes AmHS business partners that help develop and utilize minority and women-owned business enterprises. "AmHS created this award to honor companies that have a long history of promoting the use of minority and women-owned businesses and provide positive examples that can be replicated by other corporations," said David Campbell David Campbell may refer to:
Abbott Laboratories, founded in 1888, is a Fortune 100 company with 1993 sales of $8.4 billion worldwide. As a result of its Minority Vendor Programs (MVP (Multimedia Video Processor) A high-speed DSP chip from Texas Instruments, introduced in 1994. Officially introduced as the TMS320C80, it combines RISC technology with the functionality of four DSPs on one chip. ), Abbott's purchases of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. from minority-owned suppliers grew from $28.2 million in 1987 to $68.9 million in 1993. Purchases from women-owned suppliers increased from $3 million to $34.2 million during the same period. Abbott Laboratories is a worldwide health-care company devoted to the discovery, development, manufacture and marketing of pharmaceutical, nutritional, diagnostic and hospital products. With headquarters in Northern Illinois For the university, see Northern Illinois University Northern Illinois is a region generally covering the northern third of the U.S. state of Illinois. Economics , the company employs 50,000 people and markets its products in more than 130 countries. The Samuel J. Tibbetts Memorial Award was presented to Abbott Laboratories at the AmHS Annual Governance Education Conference in Phoenix, Jan. 9. The event is attended by hundreds of trustees and top executives of national corporations. Based in San Diego, American Healthcare Systems is a for-profit corporation owned by one of the largest health-care networks in the nation. Through its shareholders, AmHS represents not-for-profit health-care facilities in 46 states, with combined revenues of nearly $32 billion annually. Among AmHS' wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. and affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. are: AmHS Insurance Management Services, operating one of the largest health-care excess liability insurance companies in the nation; AmHS Purchasing Partners, L.P., one of the United States' largest health-care group purchasing programs; and AmHS Capital Corp., a financial services and management company. AmHS also has equity interests in a variety of health-care businesses ranging from medical device firms to a company producing artificial blood. The AmHS Institute, AmHS' public policy center located in Washington D.C., is a nationally recognized health-care research and educational organization. CONTACT: American Healthcare Systems, San Diego Jack A. Bernard, 619/481-2727 |
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