Dade Behring was a company which manufactured testing machinery and supplies for the medical diagnostics industry, based in Deerfield, Illinois and Glasgow, Delaware (formerly a DuPont site).
Behring Diagnostics, a Frankfurt-based [1] company bearing Dr. Emil von Behring's name, was spun off from Hoechst AG (which later became Aventis) in 1995. Soon after its formation, the company acquired a drug-testing firm called Syva Company and, in 1996, the diagnostics and clinical chemistry division of DuPont. [2]
Dade Behring was born from the merger of Behring Diagnostics and Deerfield, Illinois-based [1] Dade International, a private, independent company created by a group of investors led by Bain Capital [3] who had bought Baxter International's diagnostics unit for over $440 million, in late 1994. The combined operations of the two companies reached sales of $1.2 billion and employed a workforce of 6,400 worldwide.
The new firm became the world's largest company devoted to diagnostics, with sales of over $500 million. The "Dade" part of the name is a legacy of the Dade Reagents Company, founded by Dr. John Elliott near the end of the 1940s to provide consistent, high quality typing and testing of blood.
Jim Reid-Anderson joined Dade Behring Holdings Inc, in 1996 as executive vice president and chief financial officer (CFO) and became chief administrative officer and CFO in September 1997.
Nelson Chai joined Dade Behring in 1997 as corporate vice president of worldwide field finance; he later became their senior vice president of business development. [4]
In April 1999, Reid-Anderson was promoted to the role of president and chief operating officer and then CEO in September 2000. He was elected as the chairman of the board in October 2002.
In 2002 the company filed for Chapter 11 bankruptcy, but then reorganized and recovered in a spectacular way. Brad Pattelli was on the board of directors and an influential figure in the reorganization. By 2005, the firm employed more than 6,000 workers and had operations in 43 countries to serve more than 25,000 medical customers.
With 2006 revenue of more than $1.7 billion, Dade Behring was the world's largest company solely dedicated to clinical diagnostics, as opposed to competitors like Abbott and Roche, whose operations covered other markets including the pharmaceutical industry.
In 2007 Dade Behring was acquired by the German conglomerate Siemens AG. [5] Based on Dade's 83 million outstanding shares, Siemens’ offer of $77 a share in cash, on a diluted basis, had a value of nearly $6.4 billion.
Siemens is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe. It is headquartered in Munich and has several foreign branch offices.
Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs; today, it sells medical devices, diagnostics, branded generic medicines and nutritional products. It split off its research-based pharmaceuticals business into AbbVie in 2013. The CEO of Abbott said in 2015 that the company had been in India for over a century; it was named Abbott India Ltd. in 2002.
Sanofi S.A. is a French multinational pharmaceutical and healthcare company headquartered in Paris, France. Originally, the corporation was established in 1973 and merged with Synthélabo in 1999 to form Sanofi-Synthélabo. In 2004, Sanofi-Synthélabo merged with Aventis and renamed to Sanofi-Aventis, which were each the product of several previous mergers. It changed its name back to Sanofi in May 2011. The company is a component of the Euro Stoxx 50 stock market index.
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John Alexander Thain is an American financial executive and investment banker. He served as President and co-COO of Goldman Sachs, and then CEO of the New York Stock Exchange. Thain then became the last chairman and CEO of Merrill Lynch before its merger with Bank of America. He was designated to become president of global banking, securities, and wealth management at the newly combined company, but resigned on January 22, 2009. Ken Lewis, CEO of Bank of America, reportedly forced Thain to step down after several controversies, such as the losses at Merrill Lynch which proved to be far larger than previously estimated, and the award of huge executive bonuses. Thain then served as chairman and CEO of the CIT Group. He is currently a board member of Uber appointed by former Uber chief executive officer Travis Kalanick on September 29, 2017.
St. Jude Medical, Inc. was an American global medical device company headquartered in Little Canada, Minnesota, U.S., a suburb of Saint Paul. The company had more than 20 principal operations and manufacturing facilities worldwide with products sold in more than 100 countries. Its major markets include the United States, Europe, Latin America and Asia-Pacific. The company was named after Jude the Apostle, the patron saint of lost causes.
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Marion Merrell Dow and its predecessor Marion Laboratories was a U.S. pharmaceutical company based in Kansas City, Missouri, from 1950 until 1996.
James Reid-Anderson is a British businessman who was formerly the president, chairman, and chief executive officer (CEO) of Six Flags Entertainment Corporation. Before working for Six Flags, Anderson was previously a healthcare adviser to both Apollo and the managing board of Siemens AG. Under Reid-Anderson, Dade Behring was acquired by Siemens.
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Behring may refer to:
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