Abbott Laboratories is an American multinational healthcare company that develops, manufactures and markets a diversified line of healthcare products and services. Headquartered in Abbott Park, Illinois, the company was founded by physician Wallace Calvin Abbott in 1888. In 2013, the company split off its research division, AbbVie, leaving it to operate as an independent entity. Among its best-known products in medical devices, diagnostics and nutrition products are Pedialyte, Similac, Ensure, Glucerna, FreeStyle Libre, i-STAT and MitraClip.