Boston Scientific to buy Baylis Medical for USD 1.75 billion: Bloomberg
New Delhi: Boston Scientific Corp. will buy Baylis Medical for an upfront payment of $1.75 billion to expand its offering of approved technologies for heart patients.
The acquisition, which is subject to closing adjustments, is expected to generate net sales of almost $200 million in 2022, Massachusetts-based Boston Scientific said in a statement. The deal is expected to close in the first quarter of next year.
Some life-saving cardiac procedures involve puncture of the septum, the dividing wall between the heart's two sides. Closely held Baylis makes a variety of guidewires, sheaths and other devices that can improve safety and effectiveness of therapies delivered to the left side of the heart.
"We look forward to making these life-changing technologies available to more patients across the globe through the significant commercial reach of Boston Scientific," Kris Shah, president of Baylis, said in the statement.
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.