Boston Scientific Corporation

Boston Scientific Corporation

Boston Scientific Corporation

Overview
Date Founded

1979

Headquarters

300 Boston Scientific Way, Marlborough, MA, 01752, United States

Type of Company

Public

Employees (Worldwide)

38K

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: Rhythm and Neuro, Cardiovascular and MedSurg. The Rhythm and Neuro segment develops implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities. The Cardiovascular segment comprises of technologies or diagnosing and treating coronary artery disease and other cardiovascular disorders including structural heart conditions. 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

Chief Executive Officer

Executive Vice President & Chief Financial Officer

Vice President, Global Controller & Chief Accounting Officer

Senior Vice President & President, EMEA

President, Urology & Pelvic Health Division

Director, New Business Development

Executive Vice President & President, Interventional Cardiology

Executive Vice President, Global Operations

Executive Vice President & President, Peripheral Interventions

Executive Vice President & President, MedSurg & President, Endoscopy

Board of Directors

Chief Executive Officer at Boston Scientific Corporation

Co-Founder at Silver Lake Management Co. LLC

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

Founder at Lardon & Associates LLC

Former Senator from New Hampshire

Chief Financial Officer at The Kendall Co.

Assistant Professor in the Department of Medicine, Division of Clinical Care Research at Tufts University - School of Medicine

Founder at Pine Grove Holdings LLC

President & Chief Executive Officer at Hologic, Inc.

Director at Toshiba Corp.

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Boston Scientific Corporation
Owners & Shareholders
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WMC relies 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, macro-analysts, quantitative analysts and technical analysts. Their portfolio management teams often include dedicated analysts who evaluate securities and other instruments for suitability based on the team’s investment approach. WMC 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.

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MFS Investment Management employs a variety of methods to evaluate securities, including fundamental analysis and quantitative analysis. The firm offers fundamental, active and research-driven equity strategies that strive for less volatility relative to benchmarks and greater value through changing markets. Fixed income strategy offers total return focused and credit-oriented approach. Multi-Asset strategy is goal-oriented, diversified and disciplined investment approach that combines broad diversification across multiple asset classes, active asset allocation, and bottom-up security selection. MFS' retirement solutions are designed with a goal of maximizing growth and supporting income over a lifetime by focusing on long-term returns. MFS Blended Research is an approach to active equity management that combines the firm’s fundamental research expertise with highly systematic quantitative research.

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JCM seeks to add value versus benchmarks by actively pursuing alpha generation through their own intensive fundamental research for their fundamental investment strategies. They look for companies possessing the firm’s key investment criteria through proprietary research that emphasizes contact with a company’s management team, competitors, suppliers and consumers, as well as in-depth and ongoing financial modeling. Holdings are generally selected one at a time with all other factors (industry, sector, country and cash allocations) being a residual of the investment process. JCM favors businesses that their research reveals have sustainable, above-average earnings growth potential and outstanding free cash flow generation, recurring revenue, profit margins and return on invested capital for their equity strategies. To build a mosaic of information in an effort to identify macro trends and inform allocations across fixed income sectors, the firm uses fundamental credit research.

Recent Transactions
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Boston Scientific Corporation purchases Lumenis Ltd. from Baring Private Equity Asia Ltd.

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Boston Scientific Corporation purchases Preventice Solutions, Inc. from CR Group LP

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Minerva Surgical, Inc. purchases Boston Scientific Corp. /Intrauterine Health Franchise from Boston Scientific Corporation

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, Inc., 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

Legal Advisor

Founding Member at Sandberg Phoenix & von Gontard PC

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 Health, Pharmaceutical, and Medical Devices. The Consumer Health 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, neuroscience, oncology, pulmonary hypertension, and cardiovascular & metabolic diseases. The Medical Devices segment offers products used in the orthopedic, surgery, cardiovascular & neurovascular, 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.

Beaumont Health engages in the provision of healthcare services. It offers spine surgery, weight loss, wound treatment, home health services, integrative medicine, and senior services. The company was founded on September 2, 2014 and is headquartered in Royal Oak, MI.

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 2020
Market Capitalization
$58B
Total Enterprise Value
$58.6B
Earnings Per Share
$-0.08
Revenue
$9.91B
Three Year Compounded Annual Growth Rate Of Revenue
3.09%
TEVNet Income
-714.66x
Debt TEV
0.16x
Enterprise Value / Sales
5.91x
Net Profit
$-82M
Total Equity
$15.3B
Total Debt
$9.61B
EBITDAMargin
17.38%
Enterprise Value EBITDAOperating
33.74x
EBITDA
$1.72B
Non-Profit Donations & Grants
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 2004 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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Advisor at Buoy Health, Inc.

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Co-Founder & Board Member at BeneChill, Inc.

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Investor at Moore Medical LLC

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 following segments: U.S. Packaging; Latin America Packaging; Rest of the World Packaging; and Corporate. The U.S. Packaging segment manufactures multilayer polymer, blown and cast film structures which are then converted to produce packaging for processed and fresh meat, dairy, liquids, frozen foods, cereals, snacks, cheese, coffee, condiments, candy, pet food, bakery, lawn and garden, tissue, fresh produce, personal care and hygiene, and agribusiness in the United States. The Latin America Packaging segment focuses in the production of multilayer polymer, blown, and cast film structures to produce packaging sold for a variety of food, medical, pharmaceutical, personal care, electronics, and industrial applications in Latin America. The Rest of World Packaging Segment comprises food and non-food packaging-related manufacturing operations located in Europe and Asia-Pacific as well as medical device and pharmaceutical packaging-related manufacturing operations in the U.S., Europe, and Asia. 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 surface modification technologies for intravascular medical devices and chemical components for in vitro diagnostic immunoassay tests and microarrays. It also develops and commercializes medical devices that are designed to address unmet clinical needs and engineered to the most demanding requirements. The company operates through the following segments: Medical Device and In Vitro Diagnostics. 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
Medtronic Plc Medical Products & Equipment - Dublin, Irl

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.

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, and Medical Devices. 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 Medical Devices segment includes electrophysiology, heart failure, vascular and structural heart devices for the treatment of cardiovascular diseases, and diabetes care products for people with diabetes, as well as neuromodulation devices for the management of chronic pain and movement disorders. The company was founded by Wallace Calvin Abbott in 1888 and is headquartered in Abbott Park, IL.

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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