Navigation Links
Boston Scientific Completes Sale of Fluid Management and Venous Access Businesses to Avista Capital Partners
Date:2/14/2008

NATICK, Mass., Feb. 14 /PRNewswire-FirstCall/ -- Boston Scientific Corporation (NYSE: BSX) today announced that it has completed the sale of its Fluid Management and Venous Access businesses to Avista Capital Partners for $425 million in cash. The sale follows the definitive agreement announced on December 13, 2007.

The Company expects to record an after-tax gain of approximately $120 million during the first quarter of 2008 in connection with the transaction.

"The sale of the Fluid Management and Venous Access businesses completes our previously announced plans to divest five non-strategic businesses," said Jim Tobin, President and Chief Executive Officer of Boston Scientific. "These divestitures -- together with our expense and head count reductions and business restructuring -- are helping to realign our cost structure and simplify our operating model. The positive impact of these efforts will help us achieve our overall goals of restoring profitable growth, increasing shareholder value and strengthening Boston Scientific for the future."

"I am very excited to work with this exceptional management team to build on the strong leadership positions that the Fluid Management and Venous Access businesses currently hold in the cardiology, radiology and oncology markets," said Ron Sparks, Chairman and Chief Executive Officer of the new company. "We look forward to leveraging these franchises' brands, manufacturing facilities, sales forces, R&D capabilities and new product pipelines to create a world- class, stand-alone medical device company."

Avista said financing for the transaction was arranged by GE Capital Corporation and RBS Greenwich Capital. Ropes & Gray LLP served as legal counsel and RBS Greenwich Capital
'/>"/>

SOURCE Boston Scientific Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. Boston Micromachines Multi-DM Named One of the Years Most Innovative Products
2. Boston University School of Medicine researcher recipient of Memory Ride Grant
3. Success of Shape-Up Somerville Childhood Obesity Intervention to be Presented at the Friedman School Symposium at Tufts, October 29-31, 2007 - Boston
4. AAHFNs 2008 Annual Meeting in Boston Will Be Raising the Bar in Heart Failure Care
5. Families Invited to Celebrate Shire Day at Boston Childrens Museum
6. Boston Scientific Announces New Initiatives to Increase Shareholder Value
7. Boston Scientific Announces Additions to Clinical Sciences Organization
8. Boston University School of Medicine physician receives award from AATOD
9. Boston Scientific Announces Verdict in Cordis Litigation
10. Boston Scientific Announces Sale of Cardiac Surgery and Vascular Surgery Businesses
11. Boston Scientific and GE Healthcare Announce their First Patient Data Link to Electronic Medical Record
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/21/2014)... AZ (PRWEB) August 21, 2014 Drake ... have donated $10,000 to support ovarian cancer research, according ... Cundiff, who is also the kicker for the Cleveland ... Cancer Event was matched by Colleen’s Dream Foundation and ... MD, an Assistant Professor in the Division of Gynecologic ...
(Date:8/21/2014)... 2014 InSilico Medicine, a ... addressing the challenges of a rapidly aging ... signalome-wide pathway analysis. This new method ... of gene expression data obtained using high-throughput ... the journal Frontiers in Molecular Biosciences, shows ...
(Date:8/21/2014)... Today, Fecbek.com, a leading wedding dresses manufacturer ... wedding dresses. And all these elegant, gorgeous and beautiful ... designers. , A wedding dress or wedding gown is ... ceremony. Color, style and ceremonial importance of the gown ... wedding participants. In order to satisfy every customer, Fecbek.com ...
(Date:8/20/2014)... Most people think of donating food around the ... for a variety of reasons—thus making these months some ... need, Dr. Bryne Willey of AlignLife of Springfield ... wanted to heighten awareness of the need in the ... in July food drive to collect non-perishable foods for ...
(Date:8/20/2014)... Skmen.com, the popular online supplier of men’s and women’s clothes, ... online. Along with this, the company has also launched ... fresh products are offered with great discounts and low shipping ... before August 31. , Skmen.com has more than 200 ... proportion of its clothes are selling well in the current ...
Breaking Medicine News(10 mins):Health News:Drake University’s Phi Gamma Delta (FIJI) and Colleen’s Dream Foundation Donate $10,000 to the University of Iowa’s Holden Cancer Center to Fight Ovarian Cancer 2Health News:Drake University’s Phi Gamma Delta (FIJI) and Colleen’s Dream Foundation Donate $10,000 to the University of Iowa’s Holden Cancer Center to Fight Ovarian Cancer 3Health News:OncoFinder, a new algorithm for minimizing errors in high-throughput transcriptome analysis 2Health News:Elegant Wedding Dresses Are for Sale at Fecbek.com 2Health News:AlignLife Springfield Office Donates 565 Canned Goods to Springfield Food Pantry 2Health News:Skmen.com: New Designs Of Mini Party Dresses Provided Online 2
... cancer will be the single leading cause of death ... stroke. Already cancer causes more deaths than HIV/AIDS, tuberculosis ... occur in developing countries, with more than a million ... Health Organization projections. , , Scot Remick, M.D., ...
... Speaker Nancy Pelosi spoke on the House floor this morning in ... Drug Administration (FDA) with authority to regulate tobacco products. The ... It passed the Senate yesterday and now goes to President ... remarks. , , "It,s really a ...
... 12 The following is a statement from Georges ... Health Association: , , "With today,s House passage of ... regulate tobacco products, our nation has finally turned the corner. ... to market their deadly products to our children and deceive ...
... HLS ) announced today that its board of ... share on its 6.5% Series A Convertible Perpetual Preferred Stock, ... July 1, 2009. , , About HealthSouth ... rehabilitative healthcare services. Operating in 26 states across the country ...
... association remains unclear, however, researchers say, , FRIDAY, June 12 ... the eye sometimes points outward are more likely to develop ... , About 1 percent of developmentally healthy U.S. children are ... line up and one looks away from the nose at ...
... N.Y., June 12 Misonix, Inc. (Nasdaq: ... device technology, which in Europe is used for the ... conditions, announced today that it has purchased three patents ... ProRhythm, Inc. The patents relate to HIFU transducer ...
Cached Medicine News:Health News:WVU Doctor Works to Reduce Cancer Burden in Africa 2Health News:Pelosi: Enabling the FDA to Regulate Tobacco a Giant Step Toward Making America Healthier 2Health News:Pelosi: Enabling the FDA to Regulate Tobacco a Giant Step Toward Making America Healthier 3Health News:Kids With Eye Condition at Risk for Poor Mental Health 2Health News:Misonix Announces the Purchase of Patents From ProRhythm, Inc. 2Health News:Misonix Announces the Purchase of Patents From ProRhythm, Inc. 3
(Date:8/20/2014)... -- The National Necrotizing Fasciitis Foundation (NNFF) today announced that ... treated for a life threatening form of necrotizing fasciitis, or ... Medical Director of Inpatient Wound Care and founder of The ... Rancho Mirage, California . Dr. Gauto ... at Seton Hospital in Daly City, California ...
(Date:8/20/2014)... Ariz. , Aug. 20, 2014   ... the  Roche  Group, today announced that its VENTANA ... CE marked in the European Union for routine ... The system, consisting of VENTANA Virtuoso software coupled ... VENTANA iScan HT slide scanner, provides automated digital ...
(Date:8/20/2014)... ApolloDx™ today announced it will unveil and ... event at the company,s office in Salt ... The event, which will start at 10:00 a.m., will ... .    "We believe our mobile diagnostic ... , Co-Founder and Managing Partner of ApolloDx. In addition ...
Breaking Medicine Technology:Rancho Mirage, California Physician Saves Casino Worker from Deadly 'Flesh Eating Disease' 2Rancho Mirage, California Physician Saves Casino Worker from Deadly 'Flesh Eating Disease' 3Rancho Mirage, California Physician Saves Casino Worker from Deadly 'Flesh Eating Disease' 4Rancho Mirage, California Physician Saves Casino Worker from Deadly 'Flesh Eating Disease' 5Rancho Mirage, California Physician Saves Casino Worker from Deadly 'Flesh Eating Disease' 6Full digitization of the anatomic pathology lab is here with the VENTANA System for Primary Diagnosis 2Full digitization of the anatomic pathology lab is here with the VENTANA System for Primary Diagnosis 3
... Ga., Nov. 16 Brookstone Pharmaceuticals, an emerging specialty pharmaceutical ... the company to Acella Pharmaceuticals, LLC. This decision has ... more accurately mirrors our commitment to "Accelerating the Health Care ... Mark Pugh, CEO states, "As we have grown over the ...
... Methodist Dallas Medical Center recently made history when it became ... kidney transplant on an HIV positive patient. The patient, a ... a life free from dialysis for the first time in ... with transplant surgeons Dr. Jose Castillo-Lugo, Dr. David Nessar, and ...
Cached Medicine Technology:Methodist Dallas Medical Center First in Metroplex to Perform Kidney Transplant on HIV Positive Patient 2Methodist Dallas Medical Center First in Metroplex to Perform Kidney Transplant on HIV Positive Patient 3
Demineralized bone matrix dispensed in a syringe. DBM will be free of foreign matter. Demineralized bone matrix particle size 125 to 850 . Glycerol 70-88% by weight. Calcium content less than 8%....
Cancellous or trabecular bone that is crushed - particle size varies - primarily from distal femur, condyles, proximal tibia, femoral head, distal tibia and humeral head. Demineralized cancellous is ...
Demineralized Freeze-dried Bone Allograft (DFDBA) processed from cortical bone. Demineralized cortical powder is free of all soft tissue....
Dedicated ENT electromagnetic surgical navigation system. Value priced for comunity hospitals and surgical centers....
Medicine Products: