Bausch Health Companies Inc. (BHC) is a multinational healthcare company which focuses on the development, manufacture, and marketing of a wide range of pharmaceutical, medical device, and over-the-counter (OTC) products. Bausch Health is renowned worldwide primarily in the fields of dermatology, eye health, neurology, and international pharmaceuticals.
Bausch Health was originally founded as Biovail Corporation, a specialty pharmaceuticals company in 1983. It underwent several acquisitions and transformations over the years, eventually leading to a rebranding as Valeant Pharmaceuticals International Inc. in 2010. However, in an effort to distance itself from a series of controversies back in 2018, the company chose to rename and rebrand itself as Bausch Health Companies Inc.
The company today has a substantially diverse portfolio of products. Bausu Health operates under three main segments: Bausch + Lomb/International, Salix Pharmaceuticals which manages its gastrointestinal diseases treatments, and Ortho Dermatologics, its dermatology business. Their innovative line of products enhances the well-being of patients suffering from a wide range of conditions including glaucoma, eye allergies, conjunctivitis, irritable bowel syndrome and severe acne among others.
Bausch Health is committed to delivering significant value to patients, healthcare professionals, and shareholders. Regardless of the myriad challenges it has faced, the company maintains its dedication to improving patients’ lives through innovative health products. Its mission is to use its distinct business units, global reach, and dynamic product portfolio to become the most admired healthcare company.
BHC possesses a global footprint, with operations spread across more than 100 countries. The company's headquarters are in Laval, Canada with an additional executive office in Bridgewater, New Jersey. The company is a major player in the healthcare sector with over 21,000 employees globally and gross revenues of approximately $8.6 billion in 2020.
As a part of its social responsibility, Bausch Health has also been working on making healthcare more accessible and affordable across the globe. It runs several patient assistance programs offering prescription products free of charge to patients who are ineligible for or cannot afford private or public insurance.
In conclusion, despite a colorful history, Bausch Health Companies Inc. still remains a competitive and influential player in the ever-evolving healthcare industry. Its primary motive, the health and well-being of its customers, is what drives the company forward, pushing the boundaries of innovation in healthcare products and services.