Announced
Completed
Financials
Tags
United States
medical solutions
Private
Friendly
Medical Equipment
Completed
Acquisition
Majority
Single Bidder
Synopsis
Boston Scientific, a manufacturer of medical devices used in interventional medical specialties, acquired Vertiflex, a privately-held company which has developed and commercialized the Superion® Indirect Decompression System, a minimally-invasive device used to improve physical function and reduce pain in patients with lumbar spinal stenosis, for $465m. "Five-year clinical data and real-world experience with the Superion System demonstrate that this minimally invasive and reversable procedure – done without destabilizing the spine – can offer patients safe, long-term pain relief with a relatively rapid recovery time. We are proud of the clinical and commercial successes we've been able to achieve and look forward to continued adoption of the therapy with the global resources and clinical expertise of the Boston Scientific pain management franchise." Earl Fender, president and CEO of Vertiflex.
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