STRATEGIC FIT BOSTON SCIENTIFIC PAYS $740M FOR MICROELECTRONIC IMPLANT MAKER

From: The Boston Globe | Date: June 2, 2004| Author: Ross Kerber, Globe Staff | Copyright information

Boston Scientific Corp. yesterday said it paid about $740 million for closely held Advanced Bionics Corp. of California, aiming to capture new markets for tiny implanted electronics like hearing aids and pain-killing devices.

The all-cash deal, which could eventually generate $1 billion in sales for the Natick medical-devices maker, marks Boston Scientific's first major acquisition outside its core business of coronary stents and other technologies stemming from medical catheters. M...

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