Bausch & Lomb
American-Canadian eye health company / From Wikipedia, the free encyclopedia
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Bausch & Lomb (since 2010 stylized as Bausch + Lomb[2]) is an American-Canadian eye health products company based in Vaughan, Ontario, Canada. It is one of the world's largest suppliers of contact lenses,[3] lens care products, pharmaceuticals, intraocular lenses, and other eye surgery products.[4][5] The company was founded in Rochester, New York, in 1853 by optician John Bausch and cabinet maker turned financial backer Henry Lomb. Until its sale in 2013, Bausch + Lomb was one of the oldest continually operating companies in the United States.[6]
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Company type | Public |
---|---|
Industry | Medical instruments |
Founded | 1853; 171 years ago (1853) in Rochester, New York, US |
Founders | |
Headquarters | Vaughan, Ontario, Canada |
Key people | Brent Saunders (CEO) |
Products | Eye-care products and equipment |
Revenue | US$3.77 billion (2022) |
US$207 million (2022) | |
US$6 million (2022) | |
Total assets | US$11.1 billion (2022) |
Total equity | US$7.10 billion (2022) |
Number of employees | c.ā12,900 (2022) |
Website | bausch |
Footnotes / references [1] |
Bausch + Lomb was a public company listed on the NYSE, until it was acquired by private equity firm Warburg Pincus in 2007. In May 2013, Canadian-based Valeant Pharmaceuticals announced that it would acquire Bausch + Lomb from Warburg Pincus for $4.5 billion in cash.[7][8] The deal, which was approved by shareholders, closed on August 5, 2013.[9][10] On May 6, 2022, the company completed an initial public offering and again became publicly traded.[11] As of 2022, the company employs about 12,900 people,[1] and manufactures and markets health care products directly or indirectly in approximately 100 countries.[12]