Baxter International is selling its 645,688-square-foot headquarters in Deerfield to adapt to the hybrid work model many of its employees have chosen during the pandemic.
The 101-acre campus hit the market Wednesday, Baxter confirmed. Baxter has been in the northern suburbs for more than 90 years, and plans to “stay in the general area” while remaining accessible to its Deerfield-based employees. The company has not set a price for the property.
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“Workplace dynamics are changing, with Baxter offering and many employees choosing a hybrid work model consisting of both days working remote and days in the office,” Baxter said in a statement. “To best meet the evolving needs of our employees, Baxter is reviewing options related to our current headquarters — which was designed and built in the 1970s — and will pursue options for a new modern and more sustainable headquarters.”
Baxter makes renal and hospital products and in December, acquired Hillrom, a medical equipment and technology company, for $10.5 billion.
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Baxter’s stock was down 1.34% Thursday morning, to $72.22 a share.
