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New Deal


Announced

Completed

Boston Scientific completed the acquisition of Preventice Solutions for $1.2bn.

Financials

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Transaction Value£896m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned22%
Capital Bid For78%
EV/Sales9.9x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

health care services

Health Care Services

United States

Private

Single Bidder

Friendly

Domestic

Acquisition

Synopsis

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Boston Scientific, a global medical technology firm, completed the acquisition of Preventice Solutions, a provider of mobile cardiac health solutions and services, for $1.2bn, comprising of an upfront cash payment of $925m, and an additional $300m in a potential commercial milestone payment. "We are confident that by adding the broad technology portfolio and expertise of Preventice, our combined teams can continue to deliver rapid growth in these highly-attractive markets while also establishing an important adjacency to our core cardiac rhythm management and electrophysiology businesses," Scott Olson, Boston Scientific Senior Vice President and President of Rhythm Management.

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