Is 2018 Boston Scientific ’s Biggest Year Ever?

Is there any other company in the medtech industry killing it like Boston Scientific is killing it right now? Solid performance and numerous acquisitions have pretty much been the story behind the Marlborough, MA-based company during 2018. (I think we’re around 8 or 9 acquisitions now.) Boston Scientific has taken a 180 degree turn since it acquired Guidant for $27 billion in 2006. The Guidant acquisition brought nothing but numerous (and we do mean numerous) lawsuits and headaches to the company. But now, Boston Scientific has put Guidant in the past, and the firm is building its product portfolio. There is a dire need for Boston Scientific to do this because of significant mega-mergers that have occurred on the medtech landscape in the past few years. Let’s review. Back in 2014, Medtronic forever changed the medtech industry when it picked up Covidien for $42.9 billion. The Dublin-based company’s acquisition of Covidien dominated headlines. At the time, the move was one of the most significant mega-mergers in the history of medtech. Then along came Abbott Laboratories in 2016 to shake things up even more. The Abbott Park, IL-based company certainly outdid Medtronic by acquiring both St. Jude and Alere. However, the latter acquisition was not without some controversy. The creation of these mega companies probably led Boston Scientific down the path of M&A, in an effort to effectively compete. Boston Scientific is taki...
Source: MDDI - Category: Medical Devices Authors: Tags: Business Source Type: news