Hospira
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|
| Subsidiary | |
| Traded as | : HSP |
| Founded | May 3, 2004 (spun off from Abbott Laboratories) |
| Headquarters | Lake Forest, Illinois, United States |
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Key people
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F. Michael (Mike) Ball (CEO); John C. Staley, Chairman of the Board of Directors |
| Products | Generic acute-care and oncology injectables, integrated infusion therapy, medication management systems |
| Revenue | $4.1 billion (2011) |
|
Number of employees
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Approximately 16,000 |
| Parent | Pfizer |
| Website | www.hospira.com |
Hospira is an American global pharmaceutical and medical device company with headquarters in Lake Forest, Illinois. It has approximately 15,000 employees. Hospira is the world's largest producer of generic injectable pharmaceuticals, manufacturing generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management systems. Hospira's products are used by hospitals and alternate site providers, such as clinics, home healthcare providers and long-term care facilities. It was formerly the hospital products division of Abbott Laboratories. On September 3, 2015, Hospira was acquired by Pfizer.
Worldwide sales in 2011 were approximately $4.1 billion.
In January 2004, Abbott announced it was spinning off its hospital products division.
Hospira's name was picked by employee vote. The name is derived from the words hospital, spirit, inspire and the Latin word "spero," which means "hope." Hospira became an independent company on Monday, May 3, 2004, with 14,000 employees, 14 manufacturing sites and an estimated $2.5 billion in annual sales.
In 2007, Hospira purchased Mayne Pharma Ltd., an Australian-based specialty injectable pharmaceuticals company, for $2.1 billion. The deal expanded Hospira's international reach and its presence in the oncology market.
More recent acquisitions by Hospira include biotechnology business from Pliva-Croatia in 2009, the generic injectable pharmaceuticals business of Orchid Chemicals & Pharmaceuticals Ltd., a leading Indian pharmaceuticals company, for approximately $400 million, announced in late 2009 and completed in 2010; Javelin Pharmaceuticals, Inc., maker of post-operative pain management drug Dyloject, for approximately $145 million, in 2010; and TheraDoc, a clinical informatics company that develops hospital surveillance systems, in 2009.
In 2011, Hospira's board chose Mike Ball, formerly president of Allergan, as Hospira's new CEO. Ball became CEO in March 2011. Hospira named John Staley its non-executive chairman with the retirement of former executive chairman Christopher Begley in January 2012. Begley had announced his retirement as Hospira's chief executive in August 2010, but had remained as executive chairman.
In 2015, Pfizer has signed agreement to acquire Hospira.
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