Features | Partner Sites | Information | LinkXpress
Sign In
Advantech Europe

Boston Scientific to Acquire Electrophysiology Business

By HospiMedica International staff writers
Posted on 08 Jul 2013
Boston Scientific Corporation (Natick, MA, USA) has entered into a definitive agreement to acquire Bard EP, the electrophysiology (EP) business of C.R. Bard (Murray Hill, NJ, USA), for USD 275 million in cash.

The purchase, which is expected to significantly boost Boston Scientific’s expansion in the fast-growing market for advanced EP procedures, provides the company with a range of solutions for cardiac catheter ablations and other EP diagnosis and treatment tools. The addition of Bard EP's strong commercial team and complementary portfolio, including catheter and recording device technologies, would enable Boston Scientific to compete in the global EP market with a stronger and more comprehensive offering. The transaction is expected to close in the second half of 2013, subject to certain regulatory and customary closing conditions.

The C.R. Bard EP division, which will join the Boston Scientific rhythm management unit, is dedicated to the development and delivery of a broad range of devices for the diagnosis and treatment of cardiac arrhythmias. The company offers a full product portfolio, which includes advanced radiofrequency (RF) ablation and mapping catheters, diagnostic catheters, computer-based EP mapping and recording systems, temporary pacing electrodes, and vascular and cardiac access devices.

“We expect this acquisition to accelerate the expansion of our global electrophysiology business and we are pleased to welcome Bard EP to the Boston Scientific team,” said Mike Mahoney, president and CEO of Boston Scientific. “We believe the innovation and global reach that Bard EP delivers will meaningfully advance our position in this fast-growing market, enabling us to more effectively serve the needs of patients who suffer from cardiac arrhythmias.”

“This divestiture is consistent with our strategic plan, which is designed to position our portfolio for accelerated sales growth over time,” said Timothy Ring, chairman and CEO of C. R. Bard. “By exiting the EP business, we believe we can better direct management's attention and our capital resources toward pursuing opportunities where we believe we can achieve sustainable long-term leadership positions and provide attractive growth and returns to shareholders.”

Electrophysiology, a branch of physiology studying the relationship with electric phenomena and bodily processes such as the nervous system, is a USD 2.5 billion global market that is growing at nearly 10% annually.

Related Links:
Boston Scientific Corporation
C.R. Bard

Cincinnati Sub-Zero
Asian Healthcare Show


Critical Care

view channel
Image: Myoglobin (red) includes a pocket that is used to store heme (green) (Photo courtesy of Jeff Fitlow/Rice University).

Whales Could Hold the Answer for Synthetic Blood

Ultra-stable proteins that allow deep-diving whales to remain active while holding their breath could help create lifesaving synthetic blood, claims a new study. Researchers at Rice University (Rice,... Read more

Surgical Techniques

view channel

Bowel Preparation and Antibiotics Halve Surgical Complication Risk

A new study suggests that a combination of a mechanical bowel preparation (MBP) and oral antibiotics significantly reduces surgical site infection (SSI) and other complications after colorectal surgery. Researchers at New York-Presbyterian Hospital/Columbia University Medical Center (NYP; New York, NY, USA) and Columbia... Read more

Women's Health

view channel

Pregnancy Complications Raise Heart Disease Risk

A new study suggests a high correlation between women who experienced complications during pregnancy and those facing death from heart disease later in life. Researchers at the Public Health Institute (PHI; Oakland, CA, USA; Berkeley, CA) conducted a study involving 14,062 women, examining pregnancy events over five... Read more

Patient Care

view channel
Image: The NIFTY cup (Photo courtesy of PATH).

NIFTY Cup Aids Infants Who Cannot Breastfeed

A novel cup has been designed to facilitate feeding and prevent starvation in infants in developing countries who are unable to breastfeed. The Neonatal Intuitive Feeding TechnologY (NIFTY) cup, developed... Read more

Hospital News

view channel

Roche Opens Diagnostics Training Center in Liverpool Hospital

Roche (Basel, Switzerland) has opened a new diagnostics training laboratory and regional center of excellence at the Royal Liverpool University Hospital (RLUH; United Kingdom). The facility, which is part of Liverpool Clinical Laboratories (United Kingdom), will provide training for more than 1,000 hospital and laboratory... Read more
Copyright © 2000-2015 Globetech Media. All rights reserved.