M&A Deal Summary

Boston Scientific Acquires BEI Medical System

On July 8, 2002, Boston Scientific acquired medical products company BEI Medical System for 95M USD

Acquisition Highlights
  • This is Boston Scientific’s 5th transaction in the Medical Products sector.
  • This is Boston Scientific’s 28th largest (disclosed) transaction.
  • This is Boston Scientific’s 6th transaction in the United States.
  • This is Boston Scientific’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2002-07-08
Target BEI Medical System
Sector Medical Products
Buyer(s) Boston Scientific
Deal Type Add-on Acquisition
Deal Value 95M USD
Advisor(s) Ewing Bemiss & Co. (Financial)

Target

BEI Medical System

Teterboro, New Jersey, United States
BEI designs, manufactures and markets less-invasive technology used by gynecologists to treat excessive uterine bleeding due to benign causes. BEI's major technology is the Hydro ThermAblator(R) (HTA) System, a less-invasive technology for global endometrial ablation, a procedure designed to eliminate the tissue (the endometrium) responsible for menstrual bleeding. The HTA System allows gynecologists to perform endometrial ablation under direct visualization on an outpatient basis under local anesthesia. More than 200,000 hysterectomies are performed each year in the U.S. for excessive uterine bleeding due to benign causes.

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Buyer(S) 1

Buyer

Boston Scientific

Marlborough, Massachusetts, United States

website

Category Company
Founded 1979
Sector Medical Products
Employees45,000
Revenue 12.7B USD (2022)
DESCRIPTION
Entrance to Boston Scientific's corporate headquarters in Marlborough, Massachusetts.
Entrance to Boston Scientific's corporate headquarters in Marlborough, Massachusetts.

Boston Scientific is a medical technology company. Boston Scientific's products and technologies are used to diagnose or treat a wide range of medical conditions, including heart, digestive, pulmonary, vascular, urological, women's health, and chronic pain conditions. Boston Scientific was founded in 1979 and is based in Marlborough, Massachusetts.

DEAL STATS #
Overall 7 of 62
Sector (Medical Products) 5 of 48
Type (Add-on Acquisition) 7 of 48
State (New Jersey) 1 of 1
Country (United States) 6 of 47
Year (2002) 3 of 3
Size (of disclosed) 28 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-13 Enteric Medical Technologies

Foster City, California, United States

Enteric Medical Technologies, Inc. is a medical device company focused on developing an FDA-approved polymer injection for the treatment of gastroesophageal reflux disease (GERD).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 Advanced Bionics

Valencia, California, United States

Advanced Bionics develops the most advanced cochlear implant systems in the world. With operations in over 50 countries and a track record for developing high-performing, state-of-the-art products, AB’s talented, group of technologists and professionals are driven to succeed, work with integrity, and stay firmly committed to quality while delivering unmatched customer service.

Buy $740M
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