Announced
Completed
Financials
Sources
Tags
Acquisition
medical applications
Public
medical community
treatment development
Friendly
cancer treatment
United Kingdom
Scheme
Health Care Services
Completed
Single Bidder
Majority
healthcare solutions
Private Equity
Synopsis
Boston Scientific, a manufacturer of medical devices, completed the acquisition of BTG, a company which develops and commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as acute care pharmaceuticals. Under the terms of the transaction, holders of BTG's common shares would receive cash consideration of $11 per share. The total cash consideration for 100% of BTG's equity is c. $4.35bn. "Boston Scientific shares our commitment to transforming patient care, and has a sustained track record of innovation, clinical expertise and global commercial capabilities. The combined organization will be well positioned for success, enabling our valuable products to make a real difference to more people around the world," Dame Louise Makin, BTG CEO.
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