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Boston Scientific Pays $523 Million for Control of Acotec, a Beijing Device Company

publication date: Dec 13, 2022

Boston Scientific will pay $523 million for a 65% stake in Acotec Scientific, a Beijing medical device company that offers cardiovascular devices. Acotec has developed a portfolio of drug-coated balloons and percutaneous transluminal angioplasty hardware, as well as radiofrequency ablation catheters. The offering price was 32% over the previous close and 136% over the average close for the last 150 days. Boston Scientific said the acquisition will build its China presence in while it will bring Acotec’s products to western markets. More details....

Stock Symbols: (NSDQ: BSX) (HK: 6669)

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