Medical Device Firms Boston Scientific, Advanced Bionics to Merge. From: Daily News (Los Angeles, CA) | Date: June 2, 2004 | COPYRIGHT 2004 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Evan Pondel

Jun. 2--VALENCIA, Calif. -- Boston Scientific Corp. announced Tuesday it would acquire Advanced Bionics Corp. for $740 million in cash, providing a greater platform for a variety of devices that treat hearing loss and back pain by stimulating nerve fibers.

The deal calls for Advanced Bionics to receive earn-out payments based on the Valencia company's future performance. Boston Scientific executives expect the move to net more than $1 billi...

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