Boston Scientific Adds More Non-Vascular Stents To MedSurg Business With MI Tech Acquisition

Boston Scientific will pay about $230m for 64% of Korea-based MI Tech, which developed the Hanarostent line of conformable, self-expanding metal stents for endoscopic and urologic applications.

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Boston Scientific is adding to its medsurg portfolio by acquiring a controlling interest in MI Tech, a Korean company that markets the Hanarostent line of nitinol stents for a variety of non-vascular indications.

On 15 June, Boston Scientific announced that it has reached a definitive agreement with Synergy Innovation Co to purchase its stake in MI Tech – approximately 64% of the company – for 14,500

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