Employees 2013: 56,000
Employees 2012: 55,300
% change: +1.27
Revenues 2013: $25.97 billion
Revenues per employee: $463,732
In many ways last year was pretty static for Bayer HealthCare, the healthcare unit of Bayer Group that makes up about half the conglomerate's revenues.
It saw some nice growth in its pharmaceuticals, 9.4%, reaching €11.2 billion. Drugs like its blood thinner Xarelto and eye med Eylea were key, helped by cancer therapies Stivarga and Xofigo and pulmonary hypertension treatment Adempas; together, they posted €1.5 billion in 2013 sales.
But pharma is only one piece of the whole, which also includes its consumer healthcare, medical devices and animal health units. So revenues for that whole ended up about 1.7% for the year and employment grew by 1.3%. It remained near the bottom, seventh, in terms of revenues per employee. Like I said, static.
That is not to say that there were not some notable events. A new leader was named for the unit. Bayer Group CEO Marijn Dekkers tapped a 57-year-old former Pfizer ($PFE) executive, Dr. Olivier Brandicourt, to run things. Early last year, it added birth control device maker Conceptus ($CPTS) in a $1.1 billion acquisition to provide some help in its birth control division, where drugs like Yaz have seen sales fall. Then at the end of last year, it plopped down nearly $3 billion to pick up Algeta, the Norwegian drugmaker that's also its partner on the aforementioned Xofigo cancer treatment. Those two moves added about 460 employees.
But the potential big mover for Bayer in terms of adding both revenues and people to the healthcare engine came this year when it agreed to buy Merck's ($MRK) consumer health unit in a $14.2 billion deal. The unit did $2.2 billion in sales last year and has about 2,250 employees. Of course, how many of those end up on the Bayer payroll is yet to be known.
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