Boston Scientific to lay off 85 at Burlington, Mass.-based facility

Boston Scientific (NYSE:BSX) laying off 85 workers at its Burlington, Mass.-based facilities, according to a recently filed Massachusetts Worker Adjustment and Retraining Act report. The company acquired the Burlington, Mass.-based location during its acquisition of Cosman Medical, which closed in July 2016. Cosman Medical produced radiofrequency ablation tech and was folded into the company’s neuromodulation business. The layoffs are set to go into effect beginning September 28 and proceeding through December, according to the notice. Last week, Boston Scientific said that it closed the $270 million buyout of Claret Medical and its Sentinel device, including a $50 million earnout pegged to a reimbursement win that just came in. The post Boston Scientific to lay off 85 at Burlington, Mass.-based facility appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Boston Scientific Source Type: news