Boston Scientific Corporation

Boston Scientific Corporation

Boston Scientific Corporation

Overview
Date Founded

1979

Headquarters

300 Boston Scientific Way,Marlborough, MA 01752-1234

Type of Company

Public

Employees (Worldwide)

32K

Industries

Medical Products & Equipment
Wholesale: Medical Supplies & Pharmaceuticals
Hospitals & Patient Services
Medical Support Services
Industrial Machinery & Manufacturing
Electrical Products

Company Description

Boston Scientific Corp. engages in the development, manufacture and marketing of medical devices that are used in interventional medical specialties. It operates through the following segments: Cardiovascular, Rhythm Management, and MedSurg. The Cardiovascular segment comprises of technologies or diagnosing and treating coronary artery disease, and other cardiovascular disorders including structural heart conditions. The Rhythm Management segment develops implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities. The MedSurg segment focuses on Endoscopy, which provides devices to diagnose and treat a broad range of gastrointestinal, and pulmonary conditions with innovative and invasive technologies. The company was founded by John E. Abele and Pete Michael Nicholas on June 29, 1979 and is headquartered in Marlborough, MA.

Contact Data
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Executives & Employees

Chairman & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Corporate Secretary

Senior Vice President & Chief Information Officer

Executive Vice President & Global Chief Medical Officer

Vice President, Global Controller & Chief Accounting Officer

Senior Vice President & President, Europe, Middle East & Africa

Senior Vice President & President, Peripheral Interventions

Senior Vice President & President, Endoscopy

Executive Vice President & President, Rhythm Management

Board of Directors

Co-Founder at Silver Lake Management Co. LLC

Executive Vice President & Chief Financial Officer at Boston Scientific Corporation

Former President & Chief Executive Officer at Becton, Dickinson & Co.

Vice Chairman at The Floating Hospital, Inc.

Founder at Pine Grove Holdings LLC

Senior Vice President & President, Peripheral Interventions at Boston Scientific Corporation

Senior Vice President & President, Europe, Middle East & Africa at Boston Scientific Corporation

Executive Vice President & President, MedSurg at Boston Scientific Corporation

Senior Vice President & President, Neuromodulation at Boston Scientific Corporation

Senior Vice President & Chief Information Officer at Boston Scientific Corporation

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Boston Scientific Corporation
Owners & Shareholders
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FMR may use a variety of methods of security analysis in managing client assets to select investments including fundamental analysis, quantitative analysis and cyclical analysis. They may also use general macro-economic analysis as a component of its security analysis methods. In addition to relying on public financial statement information, the firm may use extensive corporate visits and interviews with issuer management teams in conducting research. When it comes to the management of the client assets according to the investment objectives, FMR may use a variety of investment strategies including, but not limited to, investing in stocks and other public and private equity securities, bonds and other debt securities of all types and repurchase agreements for those securities, real estate related investments of all types, derivatives, currency spot and forward trading, other investment funds, including exchange traded funds and FMR's or its affiliates' central funds. They may also engage in securities lending to parties such as broker-dealers or other institutions.

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CWI employs a long-term, value-oriented global investment approach and a multiple portfolio manager system that combines teamwork and individual accountability. The firm is committed to maintaining low operating expenses, among the lowest in the fund industry. They utilize fundamental research to gather in-depth information on markets and companies around the world. CWI employs a security-by-security approach to portfolio construction and emphasize long-term investments. Their strategies focus on determining the difference between the fundamental value of a company and its price in the marketplace. CWI offers a wide variety of equity, fixed-income and balanced investment strategies. Their strategies are categorized as global, multi-regional and regional investment strategies.

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Wellington Management's investment services rely on their extensive independent research and include portfolio management styles and approaches in equities, fixed income securities, currencies and commodities, as well as asset allocation across these categories. The firm has a number of different disciplines when approaching research and these include asset allocation analysts, currency analysts, data scientists, factor analysts, fixed income credit analysts, fixed income market analysts, global industry analysts and research associates, macroanalysts, quantitative analysts and technical analysts. Wellington Management's portfolio management teams often include dedicated analysts who evaluate securities and other instruments for suitability based on the team's investment approach. The firm supplements their internal research with external research from sources such as broker/dealers and third-party research firms. These sources typically provide data, research and analysis and may serve as a gauge of market consensus.

Recent Transactions
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Varian Medical Systems, Inc. purchases Boston Scientific Corp. /Drug Eluting & Bland Embolic Bus from Boston Scientific Corporation

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Boston Scientific Corporation purchases BTG Plc

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Boston Scientific Corporation purchases VertiFlex, Inc. from Alta Partners Management Corp., Aberdare Ventures, New Enterprise Associates, Thomas McNerney Ptn, Morgenthaler Management Corp., Endeavour Vision SA, H.I.G. BioHealth Partners LLC

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onBoston Scientific Corporation purchases Guidant Corporation

Accountant

Advised onBoston Scientific Corporation purchases Guidant Corporation

Legal Advisor

Advised onBoston Scientific Corporation purchases VertiFlex, Inc. from Alta Partners Management Corp., Aberdare Ventures, New Enterprise Associates, Thomas McNerney Ptn, Morgenthaler Management Corp., Endeavour Vision SA, H.I.G. BioHealth Partners LLC

Legal Advisor

Advised onBoston Scientific Corporation purchases Guidant Corporation

Legal Advisor

Advised onBoston Scientific Corporation purchases Asthmatx, Inc.

Legal Advisor

Advised onBoston Scientific Corporation purchases Symetis SA from Kreos Capital Management (UK) Ltd., Wellington Partners GmbH, Novartis Venture Fund, Aravis AG, Stage Capital Ventures, Endeavour Vision SA, Truffle Capital, BioMedPartners AG, Renaissance Management SA

Advisors & Consultants
Legal Advisor

Partner at Arnold & Porter LLP

Legal Advisor

Partner at Arnold & Porter LLP

Senior Advisor

Executive Vice President & Chief Financial Officer at Biogen, Inc.

Clients

Johnson & Johnson is a holding company, which engages in the research and development, manufacture and sale of products in the health care field. It operates through the following segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment includes products used in the baby care, oral care, beauty, over-the-counter pharmaceutical, women's health, and wound care markets. The Pharmaceutical segment focuses on therapeutic areas such as immunology, infectious diseases ad vaccines, neuroscience, oncology, cardiovascular and metabolism, and pulmonary hypertension. The Medical Devices segment offers products used in the orthopedic, surgery, cardiovascular, diabetes care, and eye health fields. The company was founded by Robert Wood Johnson I, James Wood Johnson and Edward Mead Johnson Sr. in 1886 and is headquartered in New Brunswick, NJ.

AMAG Pharmaceuticals, Inc. is a biopharmaceutical company, which focuses on the research, development, and commercialization of a therapeutic iron compound to treat iron deficiency anemia. The firm focuses on the development and commercialization of Feraheme injection for intravenous use to treat iron deficiency anemia. It manufactures, develops, and commercializes products derived from its proprietary technology for use in treating human diseases. Its products include Intrarosa, Vyleesi, Makena, CBR, Feraheme, and MuGard. The company was founded on November 9, 1981 and is headquartered in Waltham, MA.

WE WILL IMPROVE THE HEALTH OF THE COMMUNITIES WE SERVE WITH OTHERS WHO SHARE OUR COMMITMENT TO PROVIDE HIGH-QUALITY, COST-COMPETITIVE HEALTHCARE SERVICES.

Key Stats and Financials As of 2018
Market Capitalization
$58.3B
Total Enterprise Value
$55.8B
Earnings Per Share
$1.19
Revenue
$9.82B
Net Profit
$1.67B
TEVNet Income
33.38x
Debt TEV
0.13x
Enterprise Value Sales
5.68x
Total Equity
$8.73B
Total Debt
$7.06B
EBITDAMargin
26.78%
Enterprise Value EBITDAOperating
21.2x
EBITDA
$2.63B
Three Year Compounded Annual Growth Rate Of Revenue
9.91%
Five Year Compounded Annual Growth Rate Of Revenue
6.58%
Non-Profit Donations & Grants
$5,000 +
2017
$1.7M
2011
Political Donations
$1,000
2014
$500
2014
$1,000
2014
Investments
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Amaranth Medical, Inc. develops and manufactures a technology platform for fully bioresorbable scaffolds. It operates as a holding company that engages in the development and manufacture of technology platform for fully bioresorbable scaffolds. Its proprietary bioresorbable technology platform holds great potential for both vascular and nonvascular applications. The company was founded by Freddy Yin Chiang Boey and Subbu S. Venkatraman in 2005 and is headquartered in Mountain View, CA.

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InnFocus, Inc. operates as an ophthalmology company that provides products for glaucoma surgery. Its product, InnFocus MicroShunt, is a glaucoma drainage implant consisting of a micro-tube twice the size of an eyelash. The company was founded by Leonard Pinchuk and John B. Martin Jr. in 2003 and is headquartered in Miami, FL.

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Beta-O2 Technologies Ltd. develops implantable bio-artificial pancreas devices. It offers BAir, a bio-artificial pancreas that provides a viable environment for islets of Langerhans to thrive and provide the body with insulin on demand. The company was founded by Pnina Vardi, Konstantin Bloch, and Yossi Gross in 2004 and is headquartered in Rosh-Haayin, Israel.

Investors
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Co-Founder, Chairman of the Board at Rebiotix, Inc.

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Life Peer at United Kingdom House of Lords

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Founder at Menlo Ventures Management LP

Suppliers
Bemis Co., Inc. Paper Products

Bemis Co., Inc. engages in the manufacture and sale of packaging for the food, healthcare, and pharmaceutical companies. It operates through the U.S. Packaging and Global Packaging segment. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States as well as medical device and pharmaceutical packaging-related manufacturing operations. The company was founded by Judson Moss Bemis in 1858 and is headquartered in Neenah, WI.

SurModics, Inc. Medical Products & Equipment | Eden Prairie, MN

SurModics, Inc. engages in the provision of medical device and in vitro diagnostic technologies to the healthcare industry. It operates through the Medical Device and In Vitro Diagnostics segments. The Medical Device segment designs, develops, and manufactures interventional medical devices, surface modification coating technologies, as well as drug-delivery coating technologies. The In Vitro Diagnostics segment consists of component products and technologies for diagnostic test kits and biomedical research applications. The company was founded in June 1979 and is headquartered in Eden Prairie, MN.

IXYS LLC Semiconductors | MILPITAS, CA

IXYS LLC engages in the design, development, manufacture, and marketing of power semiconductors and mixed-signal integrated circuits. It also offers microcontrollers, green energy products, and radio frequency power and systems. The company was founded by Nathan Zommer in 1983 and is headquartered in Milpitas, CA.

Competitors
Abbott Laboratories Pharmaceuticals - Abbott Park, Illinois

Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, Cardiovascular and Neuromodulation Products, and Other. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. The Vascular Products segment trades coronary, endovascular, structural heart, vessel closure, and other medical device products. The Other segment comprises of Abbott Medical Optics. The company was founded by Wallace Calvin Abbott in 1888 and is headquartered in Abbott Park, IL.

Cook Group, Inc. Medical Products & Equipment - Bloomington, IN

Cook Group, Inc. designs, manufactures and distributes medical devices. The firm also engages in life sciences, property management, resort and service businesses. The company was founded by William Alfred Cook and Gayle Cook in 1963 and is headquartered in Bloomington, IN.

Medtronic Plc Medical Products & Equipment - Dublin, DU

Medtronic Plc is a medical technology company, which engages in the development, manufacture, distribution, and sale of device-based medical therapies and services. It operates through the following segments: Cardiac and Vascular Group; Minimally Invasive Technologies Group; Restorative Therapies Group; and Diabetes Group. The Cardiac and Vascular Group segment consist Cardiac Rhythm and Heart Failure, Coronary and Structural Heart, and Aortic and Peripheral Vascular divisions. The Minimally Invasive Technologies Group segment comprises Surgical Innovations and Respiratory, Gastrointestinal, and Renal divisions. The Restorative Therapies Group contains Spine, Brain, Specialty Therapies, and Pain Therapies divisions. The Diabetes Group segment focuses in the development, manufacturing, and marketing of products and services for the management of Type I and Type II diabetes. The company was founded in 1949 and is headquartered in Dublin, Ireland.

Awards & Honors
Rank #359
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #359
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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