October 18, 2017 12:15 AM ET

Healthcare Equipment and Supplies

Company Overview of Baxter Healthcare Corporation

Company Overview

Baxter Healthcare Corporation develops, manufactures, and markets healthcare equipment and instruments. It focuses on critical therapies for life-threatening conditions, specifically with products and services in blood therapies, cardiovascular medicine, medication delivery, and renal therapy. The company offers its products in the United States and internationally. Baxter Healthcare Corporation was formerly known as Travenol Laboratories, Inc. and changed its name to Baxter Healthcare Corporation in July 1987. The company was incorporated in 1966 and is based in Deerfield, Illinois. Baxter Healthcare Corporation operates as a subsidiary of Baxter International Inc.

One Baxter Parkway

Deerfield, IL 60015-4633

United States

Founded in 1966

Phone:

224-948-1812

Fax:

224-948-1813

Key Executives for Baxter Healthcare Corporation

Chief Executive Officer, President, and Chairman
Age: 66
Compensation as of Fiscal Year 2017.

Baxter Healthcare Corporation Key Developments

Baxter Healthcare Corporation Wins $3,284,267,081 Federal Contract

Baxter Healthcare Corp. won a $3,284,267,081 federal contract from the U.S. Department of Veterans Affairs National Acquisition Center for intravenous solutions and administration sets.

Baxter Healthcare Corp. to Pay More Than $18 Million Fine on Sterile Products

Baxter Healthcare Corp. has agreed to pay $18.158 million to resolve its criminal and civil liability arising from Baxter's failure to follow current Good Manufacturing Practices or cGMP when manufacturing sterile drug products in North Carolina, the U.S. Department of Justice announced on January 13, 2017. The resolution includes a deferred prosecution agreement and penalties and forfeiture totaling $16 million and a civil settlement under the False Claims Act (FCA) with the federal government totaling approximately $2.158 million. In a criminal information filed on January 13, 2017, in the Western District of North Carolina, the government charged that, between July 2011 and November 2012, Baxter introduced into interstate commerce drugs that were adulterated under the Federal Food, Drug, and Cosmetic Act (FDCA) because Baxter did not follow cGMP when making those products. At North Cove, Baxter manufactured large-volume sterile intravenous (IV) solutions in a clean room that had high-efficiency particulate absorption (HEPA) filters installed in the ceiling. Air was pushed into the clean room through the HEPA filters. As alleged in the information, during the relevant time period, a Baxter employee reported the presence of mold on the HEPA filters to plant management.

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