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Health-Care Companies Report Slowdown in Patient Visits

The spike late last year in doctor and hospital visits apparently lasted as long as the flu.After years of decelerating health-care usage--linked to economic problems in the U.S. and Europe--the recent uptick increased optimism that a corner was being turned. The upswing was tied to more visits to doctors' offices during a nasty influenza season in late 2012 and early 2013, as well as signs of a rebound in certain procedures using medical devices.But more recently, health-care providers and makers of medical products say patient utilization has slowed down."While we believe that overall healthcare utilization trends continue to show signs of stabilization, the modest positive increases we saw in [late 2012] do not appear to have persisted," Johnson & Johnson (JNJ) Chief Financial Officer Dominic Caruso said last week. "And at this point, we are not anticipating a meaningful market acceleration this year."The viewpoint from the world's largest health-care company by sales has been echoe...

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  1. Abbott Labs 2Q Profit Narrows 11%

    Abbott Laboratories (NYSE:ABT) reported an 11.2% drop in second-quarter profit on restructuring charges but topped Wall Street expectations and backed its fiscal gui...

  2. Abbott Laboratories' 2Q Results: Postgame Scorecard

    Abbott Laboratories' (NYSE:ABT) profit dropped in the second quarter.Earnings and Revenue The company's EPS topped estimates and revenues came in line with Wall Stre...

  3. Abbott To Pay $1.6 Billion To Settle Depakote Marketing Probes

    Abbott Laboratories (ABT) agreed to pay $1.6 billion and plead guilty to violating a federal drug law to resolve allegations that the company improperly promoted ant...

  4. Abbott Labs 1Q Profit Tops Street on Humira Demand

    Abbott Laboratories (NYSE:ABT) reported a 44% jump in first-quarter profit and beat Wall Street expectations on Wednesday, led by sharp year-over-year gains in its n...

  5. Abbott Labs Chief White's Compensation Fell 6.1% In 2011

    "Abbott Labs Chief White's Compensation Fell 6.1% In 2011," published at 7:02 p.m. ET, misstated in the fourth paragraph the nature of a bonus paid in February. A co...

  6. Abbott Faces More Investigations, Lawsuits Over Depakote Marketing

    Abbott Laboratories (ABT) is facing fresh legal challenges in connection with its sales and marketing of anti-seizure drug Depakote.The Abbott Park, Ill., company la...

  7. Most Overpaid CEOs

    It’s that time of year again, when proxies are released and many business publications run lists of the highest paid CEOs at America’s large public companies. The co...

  8. Abbott Lab to Break Into Two Separate Companies

    Abbott Labs (NYSE:ABT) unveiled plans on Wednesday to split up into two separate companies by spinning off its pharmaceutical unit, becoming the latest U.S. company ...

  9. Abbott Labs Grows 2Q Profit, Raises Fiscal View

    Abbott Laboratories (NYSE:ABT) on Wednesday booked stronger-than-expected second-quarter earnings, lifted by growth in emerging markets and robust proprietary pharma...

  10. Abbott Laboratories 1Q Profit Slumps on Costs

    Abbott Laboratories (NYSE:ABT) revealed on Wednesday stronger-than-expected first-quarter revenue, lifted across several of its business segments as the company cont...

  11. Abbott To Cut 2% Of Work Force, 4Q Net Falls 6.4%

    Abbott Laboratories (ABT) said Wednesday it would lay off about 2% of its work force in response to U.S. market pressures, while the health-products maker reported a...

  12. Abbott Labs 4Q Profit Climbs 10%, Shares Slip on Outlook

    Helped by climbing worldwide pharmaceutical sales, Abbott Laboratories (NYSE:ABT) on Wednesday revealed a slightly stronger-than-expected fourth-quarter profit, and ...

  1. 'New Abbott' Labs Sees Sales Boost From Emerging Markets

    Abbott Laboratories' (ABT) first-quarter revenues rose 1.8% as sales of baby formula and other nutritional products in emerging markets helped offset declines in the...

  2. Abbott 1st-Quarter Profit Fell 56% On Spinoff; Remaining Operations See Growth

    Abbott Laboratories' (ABT) first-quarter earnings fell 56% as the year-earlier period included contributions from its former research-based pharmaceutical business, ...

  3. Abbott Labs 4th-Quarter Profit Fell 35% on Debt-Extinguishment Charges

    Abbott Laboratories (ABT) reported a 35% decline in fourth-quarter profit on higher costs including an early debt payment, while sales rose 4.4% in the final quarter...

  4. Abbott Labs Net Surges on Higher Margins

    Abbott Laboratories's (ABT) third-quarter earnings surged as the health-care company recorded a double-digit fall in expenses that helped margins, even as revenue sl...

  5. Abbott Earns $1.94 Bln In Q3, Narrows Guidance

    Abbott Laboratories on Wednesday reported third-quarter net earnings of $1.94 billion, or $1.21 per share, up from $303 million, or 19 cents a share, in the same qua...

  6. U.S. Won't Pursue Allegations Against Abbott CEO in Depakote Case

    The U.S. Justice Department has declined to intervene in civil allegations that Abbott Laboratories (ABT) Chief Executive Miles D. White engaged in "unlawful conduct...

  7. Liberal Group: 57 Executives Saved $100 Million in Taxes Last Year From Bush Tax Cuts

    The left lobbed a fresh attack on Republican tax policies on Thursday, as a liberal-leaning group made oil, media, and drug-company executives poster children for th...

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