Boston Scientific

(BSX) - Get Report

said today it will acquire

Interventional Technologies

, a San Diego-based manufacturer of devices used in cardiology procedures and surgery.

Based in Natick, Mass., Boston Scientific will pay $345 million in cash for Interventional. The agreement also includes additional payments of an undisclosed amount hinging on Interventional's performance. The deal is pending regulatory and Interventional shareholder approval.

Boston Scientific said it expects the acquisition to "modestly" depress earnings in 2001 and perhaps boost them in 2002.

Shares of Boston Scientific, a manufacturer of medical devices, lost 7 cents, or 0.4%, to $16.23 in recent

New York Stock Exchange

trading.