1. Medtech Insight

Boston Scientific Buys Vertiflex For $465M To Add Minimally Invasive Lumbar Procedure

 
• By Reed Miller

Vertiflex sells the Superion indirect decompression system, a minimally invasive device to treat lumbar spinal stenosis. Boston Scientific expects it to bring in $60m in revenue in 2019 to its Neuromodulation business.

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• Source: shutterstock.com

Boston Scientific Corp. has agreed to acquire VertiFlex Inc., which markets the Superion indirect decompression system for lumbar spinal stenosis.

Boston Scientific will pay privately held Vertiflex $465m in upfront cash plus additional payments contingent on commercial milestones for the next three years, the companies announced on 9 May.

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