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News

Boston Scientific sells cardiac surgery and vascular surgery businesses to Getinge

Boston Scientific : 07 January, 2008  (New Product)
Boston Scientific has completed the sale of its Cardiac Surgery and Vascular Surgery businesses to the Swedish Getinge Group for $750 million.
The sale follows the definitive agreement announced on November 5, 2007.

'We have now sold three of our five previously identified non-strategic businesses, and we expect to close on the remaining two -- Fluid Management and Venous Access - this quarter,' said Jim Tobin, president and chief executive officer of Boston Scientific. 'These divestitures - along with our ongoing efforts to reduce expenses and simplify our operating model - should help us achieve our overall goals of restoring profitable growth, increasing shareholder value and strengthening Boston Scientific for the future.'


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