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  6. Boston Scientific Acquires Baylis Medical

M&A Deal Summary

Boston Scientific Acquires Baylis Medical

On October 6, 2021, Boston Scientific acquired medical products company Baylis Medical for 1.8B USD

Acquisition Highlights
  • This is Boston Scientific’s 43rd transaction in the Medical Products sector.
  • This is Boston Scientific’s 4th largest (disclosed) transaction.
  • This is Boston Scientific’s 3rd transaction in Canada.
  • This is Boston Scientific’s 1st transaction in Quebec.

M&A Deal Summary
Date 2021-10-06
Target Baylis Medical
Sector Medical Products
Buyer(s) Boston Scientific
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target

Baylis Medical

Montreal, Quebec, Canada
Baylis Medical is a developer and marketer of high-technology medical devices used in the fields of interventional cardiology and interventional radiology. The company’s core expertise lies in electrosurgical systems that are used to deliver various therapeutic treatments. Baylis Medical was founded in 1986 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Boston Scientific

Marlborough, Massachusetts, United States
Category Company
Founded 1979
Sector Medical Products
Employees48,000
Revenue 16.7B USD (2024)
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 that offers products and technologies used to diagnose and 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 57 of 68
Sector (Medical Products) 43 of 52
Type (Add-on Acquisition) 45 of 53
State (Quebec) 1 of 1
Country (Canada) 3 of 3
Year (2021) 3 of 3
Size (of disclosed) 4 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Devoro Medical

Fremont, California, United States

Devoro Medical is a developer of the WOLF Thrombectomy Platform. The innovative non-console and lytic-free WOLF technology targets and rapidly capture blood clots using finger-like prongs that retrieve and remove thrombi in the arterial and venous systems. Devoro Medical was founded in 2018 and is based in Fremont, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-15 M.I.Tech

Pyeongtaek-si, South Korea

M.I.Tech develops, manufactures, and provides its own unique medical devices in the field of digestive endoscopy to improve patients’ quality of life. It manufactures all products under a strict quality management system by maintaining the global standard, ISO 13485:2003. M.I.Tech was formed in 1991 and is based in Pyeongtaek-si, South Korea.

Buy -
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