Maker of healthcare
730 Central Ave.
Murray Hill, NJ 07974
CEO: Timothy Ring
Stock Symbol: BCR
C.R. Bard is a leading maker of innovative products for healthcare providers and patients. The company focuses on four major product group categories: vascular, urology, oncology and surgical specialties.
Bard markets its products and services
worldwide to hospitals, individual health care professionals,
extended care facilities, and alternate site facilities.
Bard pioneered the development of single-patient-use
medical products for hospital procedures; today Bard is dedicated
to pursuing technological innovations that offer superior clinical
benefits while helping to reduce overall costs.
The company has manufacturing facilities
in the U.S., Europe, Australia and Asia.
Bard reported sales of $2.53 billion and net income of $461.4 million. The company spent $179.6 million on research and development in 2009.
1907 -- Company founder, Charles R. Bard,
begins importing GOMENOL to relieve urinary discomfort.
1923 -- C. R. Bard, Inc. formally incorporated
1926 -- Charles R. Bard sells company to John Willits and Edson
Outwin for $18,000.00
1963 -- Bard produces first disposable
pre-packaged catheterization kit. C. R. Bard, Inc. becomes publicly-owned
The Bard Medical Plan offers coverage through two national Preferred
Provider Organization (PPO) networks. In some areas, employees
may also have the choice of receiving care through an Exclusive
Provider Plan (EPP) or a Health Maintenance Organization (HMO).
Prescription Drug Plan
Prescription Drug coverage is offered to Bard employees participating
in a Bard Medical Plan. There is also a convenient prescription
drug mail order program for maintenance medications (available
with most Medical Plan options).
Bard offers two Dental Plan options a Base Dental Plan
and a Premium Dental Plan through a network of dental providers.
Plan participants have the option of seeing a participating (network)
provider or a nonparticipating provider. In either case, the
Plan offers comprehensive benefits after an annual deductible
Bard offers a voluntary, comprehensive vision care benefit. This
benefit is available at favorable group discount rates. The vision
plan has the nation's largest eye care doctor network, with thousands
of doctors located in metropolitan as well as rural areas.
Life Insurance and Accidental Death and Dismemberment Plan
Bard offers three Life Insurance plans that help provide important
financial protection for employees and their families:
Basic Life Insurance this plan provides a basic
level of life insurance coverage for all benefits eligible employees.
Employees are automatically covered and the total cost is paid
Accidental Death and Dismemberment Insurance this
plan provides coverage in the event an employee dies or is severely
injured in an accident. This coverage is also automatic with
Bard paying the total cost.
Optional and Dependent Life Insurance employees
can add to the Basic Life Insurance coverage by purchasing Optional
Life Insurance for themselves and Dependent Life Insurance for
their spouses and dependent children.
Short and Long-Term Disability Plans
Bard offers disability insurance that can provide financial protection
in the event an illness or injury keeps an employee from working.
The disability program includes the Short-Term Disability Plan
and the Long-Term Disability Plan. Together, these plans can
replace a portion of an employee's regular income.
Flexible Spending Accounts
To help employees reduce their taxes and their costs for certain
health and dependent care expenses, Bard offers two flexible
spending accounts, or FSAs: the Health Care FSA and the Dependent
Care FSA. Both allow employees the ability to set aside money
from earned income before taxes are calculated and then use that
money to reimburse themselves for eligible health care and/or
dependent care expenses.
Long Term Care Plan
Bard offers employees the ability to purchase Long Term Care
coverage. The purpose of long term care insurance is to protect
individuals and their families against the risks associated with
a long lasting disability or illness. Because nursing home care
or assistance in another facility or at home can be very costly,
Bard offers a Long Term Care Insurance Plan. The Plan provides
financial protection for employees and eligible family members
if they should ever need care or assistance performing basic
activities of daily living.
The Bard Employees' Savings Trust (B.E.S.T.) 401(k) Plan is designed
to help employees build financial security through pre-tax contributions,
Company matching contributions, and tax-deferred growth. Employees
can contribute from 1% to 25% of base pay on a pre-tax basis
(up to the allowable federal limit) and can choose to invest
in one or more of the thirteen investment funds offered in the
Plan. (Employees age 50 or older can elect to make additional
pre-tax contributions above allowable Plan or federal limits.)
Retirement Plan (most work locations)
The Employees' Retirement Plan of C. R. Bard, Inc. provides benefits
under a number of circumstances. In addition to normal, early,
and disability retirement benefits, the Plan includes benefit
options for eligible survivors and for eligible employees who
leave Bard before retirement.
Updated February 25, 2010