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Deerfield, Illinois-based Baxter International Inc. (BAX) is a medical instrument manufacturer, providing an extensive portfolio of healthcare products focused on curing chronic and acute medical conditions. With a market cap of $17.2 billion, Baxter operates through Medical Products and Therapies (MPT), Healthcare Systems and Technologies (HST), and Pharmaceuticals segments.
Moreover, Baxter’s operations span over 100 countries across the globe. Companies worth $10 billion or more are generally classified as “large-cap stocks,” Baxter fits this bill perfectly. Given its extensive operations, the company valuation above this mark is unsurprising.