M&A Deal Summary

Boston Scientific Acquires Enteric Medical Technologies

On June 13, 2002, Boston Scientific acquired life science company Enteric Medical Technologies from Montreux Equity Partners

Acquisition Highlights
  • This is Boston Scientific’s 1st transaction in the Life Science sector.
  • This is Boston Scientific’s 5th transaction in the United States.
  • This is Boston Scientific’s 4th transaction in California.

M&A Deal Summary

Date 2002-06-13
Target Enteric Medical Technologies
Sector Life Science
Buyer(s) Boston Scientific
Sellers(s) Montreux Equity Partners
Deal Type Add-on Acquisition

Target

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).

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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 6 of 62
Sector (Life Science) 1 of 5
Type (Add-on Acquisition) 6 of 48
State (California) 4 of 25
Country (United States) 5 of 47
Year (2002) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-12 InFlow Dynamics

Munich, Germany

InFlow Dynamics Ltd. produces and distributes coronary stent systems for removing arterial constriction.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-08 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.

Buy $95M

Seller(S) 1

DESCRIPTION

Montreux Equity Partners is a growth investment firm focused on investing in commercial stage companies with category leading products, technologies, and services. Montreux Equity Partners looks to invest $10 to $20 million in fast growing companies with $5 to $50 million in revenue. Montreux Equity Partners was formed in 1993 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 3 of 24
Sector (Life Science) 1 of 9
Type (Add-on Acquisition) 3 of 15
State (California) 3 of 22
Country (United States) 3 of 24
Year (2002) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-09 Paymap

San Francisco, California, United States

Paymap, Inc. is a provider of an electronic payment products and services to financial institutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Percutaneous Systems

Palo Alto, California, United States

PercSys is focused on developing and commercializing devices that make endourologic kidney stone procedures easier, less traumatic, and more effective therapeutically. The company's current devices influence outcomes of minimally invasive procedures performed in the operating room, devices in the pipeline and clinical efforts expand the company's reach into external, and eventually in-office, stone intervention. PercSys is based in Palo Alto, California.

Buy -