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Boston Scientific Makes Half Billion Dollar GI Endosurgery Play

 
• By Barnaby Pickering

Boston Scientific is greatly increasing its GI endosurgery capabilities with the acquisition of Apollo Endosurgery, a manufacturer of various device for weight loss-related surgeries.  

• Source: Shutterstock

Boston Scientific has announced that it will be acquiring Apollo Endosurgery, manufacturers of minimally invasive weight-loss suturing systems and other products for gastrointestinal surgery in a deal worth approximately $615m.

The deal is priced at $10 a share – a 66% premium over its price for the past 30 days, making the cash value of the deal $417m. The rest...

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