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Boston Scientific acquires the remainder of Rubicon Medical

Executive Summary

Boston Scientific has exercised its option under a 2003 agreement to acquire the Rubicon Medical (interventional vascular medical devices) shares held by its principal stockholders (chairman David Berger and president and CEO Richard Linder), giving it a 53.6% stake in the company. BS has also agreed to purchase any other remaining outstanding shares; altogether it will pay $71.7mm in cash, with the potential of another $83.7mm in milestone-based earn-outs.
Deal Industry
  • Medical Devices
    • Surgical Equipment & Devices
Deal Status
  • Final
Deal Type
  • Acquisition
    • Includes Earnout
    • Partial Acquisition
    • Payment Includes Cash
    • Includes Contract

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