Form 8-K · Current Report · Filed 2024-11-15
Boston Scientific Completes Acquisition of Axonics, Inc.
Boston Scientific Corporation has completed its acquisition of Axonics, Inc., a medical technology company specializing in devices for urinary and bowel dysfunction, for $71 cash per share, totaling $3.7 billion in equity value.
- Filer
- Boston Scientific Corporation BSX · NYSE
- Filed
- Accession
- 0000885725-24-000078
- CIK
- 0000885725
- Signal
- High impactHealthcare
- Source
- Official filing on sec.gov ↗
Details
The transaction, expected to be immaterial to adjusted earnings per share in 2024 and 2025 and accretive thereafter, will expand Boston Scientific's Urology business into sacral neuromodulation.
Items reported
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$87.59
Next session
+3.3%
Since filing
-46.6%
Latest close
$46.73
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Precedent
Previous filings from BSX reporting the same item, with the next session's move:
Exhibits (1)
About Boston Scientific Corporation
Boston Scientific Corporation, a leading global medical device company, is renowned for developing and supplying innovative health solutions. Its primary function is to design, manufacture, and market medical devices used in interventional medical specialties such as cardiology, peripheral interventions, cardiac rhythm management, endoscopy, urology, and neuromodulation. The company's product offerings significantly impact sectors like health care, particularly those focusing on minimally invasive treatments. Boston Scientific's products help improve the quality of patient care and reduce the need for major surgery, thus playing a crucial role in modern healthcare systems. Their devices contribute to procedures that are less invasive, more effective, and often more economic, supporting better patient outcomes and quicker recovery times. Founded in 1979 and headquartered in Marlborough, Massachusetts, Boston Scientific provides its products to healthcare providers and institutions worldwide. In the financial markets, Boston Scientific Corporation holds significant influence as a major player in the healthcare industry, contributing to advancements in medical technology and shaping the future of patient care through research and development. Its presence underscores the importance of innovation in medical devices and its role in enhancing healthcare delivery.
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