This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bayer Sells Devices Business to Boston Scientific

NEW YORK (The Deal) -- Medical devices maker Boston Scientific  (BSX - Get Report) on Thursday, May 15, agreed to buy the interventional devices business of Bayer as the German seller continues to reshape itself and focus on pharmaceuticals.

Boston Scientific said it would pay $415 million to expand its treatment options for vascular disease.

"These technologies help physicians save both limbs and lives, and we believe this transaction will enable us to reach more effectively the greater than 27 million patients worldwide who suffer from the debilitating effects of peripheral vascular disease," said Boston Scientific President and CEO Mike Mahoney in a statement.

Bayer's interventional device unit has three main devices and is based near Minneapolis. It employs 350 and had 2013 sales of about $120 million.

The Jetstream Atherectomy System helps clear out deposits in peripheral arteries and the Fetch2 Aspiration Catheter is used to remove blood clots in small blood vessels. Meanwhile, the AngioJet Ultra also clears blood clots from veins and arteries.

It's the second transaction this month for Natick, Mass.-based Boston Scientific Corp.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BSX $18.34 0.00%
AAPL $132.36 2.10%
FB $81.55 -1.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs