By Wailin Wong |
Abbott Laboratories has completed its $123 million purchase of Starlims
Technologies Ltd., a company that specializes in analyzing laboratory
data.

Abbott announced the deal in December. The North Chicago-based drug and
medical-device company said the acquisition will bolster its position in
laboratory informatics, or managing “the increasing amount of data
generated in laboratories.” Starlims makes Web-based software
applications that store, retrieve and analyze this data, Abbott said.

Shares of Abbott rose 0.8 percent to $53.87 on Monday.