Investment Summary

Boston Scientific Invests In Acotec

On December 11, 2022, Boston Scientific invested in medical products company Acotec

Investment Highlights
  • This is Boston Scientific’s 46th transaction in the Medical Products sector.
  • This is Boston Scientific’s 1st transaction in China.

Investment Summary

Date 2022-12-11
Target Acotec
Sector Medical Products
Investor(s) Boston Scientific
Deal Type Stake Purchase

Target

Acotec

Beijing, China
Acotec is a medical technology company that offers solutions designed for a variety of interventional procedures in innovative medical solutions, including drug-coated balloons (DCBs), which are used in the treatment of vascular and other diseases. In 2016, the company launched the first peripheral DCB in China after receiving approval from the National Medical Products Administration. The Acotec portfolio also includes radiofrequency ablation technologies and thrombus aspiration catheters, as well as more than 20 other products in various stages of development across a range of specialties. Acotec was incorporated in 2011 and is headquartered in Beijing, China.

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Investor(S) 1

Investor

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 61 of 70
Sector: Medical Products M&A 46 of 53
Type: Stake Purchase M&A Deals 4 of 4
Country: China M&A 1 of 1
Year: 2022 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 Apollo Endosurgery

Austin, Texas, United States

Apollo Endosurgery is a developer of therapeutic antibodies that bind and inhibit bioactive lipids that contribute to disease. The company concluded mid-stage clinical development of drug candidates iSONEP™ (sphingomab) in wet age-related macular degeneration and ASONEP™ (anti-S1P antibody for systemic delivery) in renal cell carcinoma in 2015. Apollo Endosurgery was incorporated in 2005 and is based in Austin, Texas.

Buy $615M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Relievant Medsystems

Edina, Minnesota, United States

Relievant Medsystems is a private, clinical-stage medical device company that is developing a novel treatment for chronic low back pain. The company's Intercept product, currently under development, is a minimally invasive system that allows a spine surgeon to target low back pain by ablating a nerve target within the vertebral body. Relievant Medsystems was formed in 2004 and is based in Edina, Minnesota.

Buy $850M