M&A Deal Summary

Boston Scientific Acquires Cortex

On November 4, 2024, Boston Scientific acquired information technology company Cortex from Ajax Health

Acquisition Highlights
  • This is Boston Scientific’s 2nd transaction in the Information Technology sector.
  • This is Boston Scientific’s 50th transaction in the United States.
  • This is Boston Scientific’s 27th transaction in California.

M&A Deal Summary
Date 2024-11-04
Target Cortex
Sector Information Technology
Buyer(s) Boston Scientific
Sellers(s) Ajax Health
Deal Type Divestiture

Target

Cortex

Menlo Park, California, United States
Cortex is a medical technology company focused on the development of a diagnostic mapping solution which may identify triggers and drivers outside of the pulmonary veins that are foundational to atrial fibrillation (AF), a heart rhythm disorder affecting nearly 38 million people globally. Cortex is based in Menlo Park, California.

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Buyer(S) 1

Buyer

Boston Scientific

Marlborough, Massachusetts, United States
Category Company
Founded 1979
Sector Medical Products
Employees48,000
Revenue 14.2B USD (2023)
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 65 of 66
Sector (Information Technology) 2 of 2
Type (Divestiture) 11 of 11
State (California) 27 of 27
Country (United States) 50 of 51
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Silk Road Medical

Sunnyvale, California, United States

Silk Road Medical is a medical device company focused on reducing the risk of stroke and its devastating impact. The company has a new approach for the treatment of carotid artery disease called TransCarotid Artery Revascularization (TCAR). TCAR is a clinically proven procedure combining surgical principles of neuroprotection with minimally invasive endovascular techniques to treat blockages in the carotid artery at risk of causing a stroke. Silk Road Medial was formed in 2007 and is based in Sunnyvale, California.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 Intera Oncology

Newton, Massachusetts, United States

Intera Oncology is a medical device company that provides the Intera 3000 Hepatic Artery Infusion Pump and floxuridine – a chemotherapy drug – both of which are approved by the U.S. Food and Drug Administration. Intera Oncology was formed in 2019 and is headquartered in Newton, Massachusetts.

Buy -

Seller(S) 1

SELLER

Ajax Health

Menlo Park, California, United States
Category Company
Founded 2017
Sector Business Services
DESCRIPTION

Ajax focuses on accelerating innovative medical device technology opportunities that address significant unmet clinical needs. Ajax Health was formed in 2017 and is based in Menlo Park, California.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-07 Cortex

Menlo Park, California, United States

Cortex is a medical technology company focused on the development of a diagnostic mapping solution which may identify triggers and drivers outside of the pulmonary veins that are foundational to atrial fibrillation (AF), a heart rhythm disorder affecting nearly 38 million people globally. Cortex is based in Menlo Park, California.

Buy -
Mergr

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