logo
Plus   Neg
Share
Email

Boston Scientific To Acquire Cryterion Medical

Boston Scientific Corp. (BSX) said that it agreed to acquire Cryterion Medical, Inc., a privately-held company developing a single-shot cryoablation platform for the treatment of atrial fibrillation or AF.

Boston Scientific has been an investor in Cryterion since its inception in 2016 and the transaction price for the approximately 65 percent remaining stake not already owned by Boston Scientific consists of $202 million in up-front cash.

Boston Scientific expects the transaction to be immaterial on an adjusted earnings per share basis through 2020, and accretive thereafter. On a GAAP basis for 2019 and subsequent years, the transaction is expected to be less accretive, or more dilutive as the case may be, due to amortization expense and acquisition-related net charges. For 2018 on a GAAP basis, the transaction is expected to be accretive due to a one-time gain on prior investment.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
BHP Billiton plc (BHP.AX, BLT.L, BBL, BHP) reported a profit for the year ended 30 June 2018 that declined 37 percent from last year, reflecting massive write-down on its US onshore oil and gas assets, US tax reform and the ongoing fallout from its Brazilian dam collapse. But, underlying attributable profit increased 33%, supported by 8% Group copper equivalent volume growth. Luxury online marketplace Farfetch has filed for an initial public offering or IPO to list its shares in the U.S. Farfetch has filed a F-1 registration statement with the U.S. Securities and Exchange Commission. The London-based company plans to list its shares on the New York Stock Exchange under the ticker 'FTCH.' Media reports indicate that IPO could value the company at up to $5 billion. Apple Inc. has reportedly removed more than 25,000 illegal apps from its App Store in China after coming under intense criticism from Chinese state media for failing to ban illegal online content on its platform. According to various media reports, the iPhone maker removed these illegal apps as they sold fake lottery tickets and offered gambling services.
Follow RTT