Myles Shaver in Twin Cities Business

The calendar had just turned to a new year when another Minnesota Fortune 500 headquarters office disappeared from the radar. On January 4, the Illinois-based Abbott Laboratories closed on its $23.6 billion acquisition of Little Canada-based St. Jude Medical LLC. Founded here in 1976, St. Jude grew to be second only to Medtronic among medical device companies based in the state. Its $5.5 billion in revenue for 2015 placed it 465th on last year’s Fortune 500 list, one of 17 Minnesota companies that made the cut. 

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