Boston Scientific closes on $275 million acquisition

November 2, 2013 at 1:50AM

Boston Scientific Corp. on Friday closed on its previously announced agreement to acquire Bard EP, the electrophysiology (EP) business of C.R. Bard Inc.

This, according to Boston Scientific, enables it "to provide a broader portfolio of EP tools, including solutions for cardiac catheter ablations. The addition of the legacy Bard electrophysiology global business in advanced therapeutic catheters, diagnostic catheters, electrophysiology recording systems and intracardiac access devices gives Boston Scientific additional scale and scope to serve a $2.5 billion EP market that is growing at nearly 10 percent annually."

Pete Sommerness, general manager of electrophysiology for the Natick, Mass.-based med-tech giant, said: ­"Completing this transaction is an important part of our global strategy to grow and transform our EP business. We believe that the complementary capabilities that this transaction brings, including expertise in capital equipment sales and service, will enable us to offer more complete solutions to help electrophysiologists diagnose and treat patients with cardiac arrhythmias."

Officials at Boston Scientific say the acquisition will extend the company's reach into strategic global markets and will help accelerate launches of key EP technologies, such as the recently approved IntellaTip MiFi XP ablation catheter and its next-generation Rhythmia Mapping System.

The $275 million cash ­acquisition was first reported in June.

James Walsh • 612-673-7428

about the writer

about the writer

James Walsh

Reporter

James Walsh is a reporter covering social services, focusing on issues involving disability, accessibility and aging. He has had myriad assignments over nearly 35 years at the Star Tribune, including federal courts, St. Paul neighborhoods and St. Paul schools.

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