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Boston Scientific Corporation (BSC), headquartered in
Marlborough, Massachusetts Marlborough is a city in Middlesex County, Massachusetts, United States. The population was 41,793 at the 2020 United States census, 2020 census. Marlborough became a prosperous industrial town in the 19th century and made the transition to high ...
and incorporated in
Delaware Delaware ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic and South Atlantic states, South Atlantic regions of the United States. It borders Maryland to its south and west, Pennsylvania to its north, New Jersey ...
, is an American
biotechnology Biotechnology is a multidisciplinary field that involves the integration of natural sciences and Engineering Science, engineering sciences in order to achieve the application of organisms and parts thereof for products and services. Specialists ...
and
biomedical engineering Biomedical engineering (BME) or medical engineering is the application of engineering principles and design concepts to medicine and biology for healthcare applications (e.g., diagnostic or therapeutic purposes). BME also integrates the logica ...
firm and multinational manufacturer of
medical device A medical device is any device intended to be used for medical purposes. Significant potential for hazards are inherent when using a device for medical purposes and thus medical devices must be proved safe and effective with reasonable assura ...
s used in interventional
medical specialties A medical specialty is a branch of medical practice that is focused on a defined group of patients, diseases, skills, or philosophy. Examples include those branches of medicine that deal exclusively with children (pediatrics), cancer ( oncology), ...
, including
interventional radiology Interventional radiology (IR) is a medical specialty that performs various minimally-invasive procedures using medical imaging guidance, such as Fluoroscopy, x-ray fluoroscopy, CT scan, computed tomography, magnetic resonance imaging, or ultraso ...
,
interventional cardiology Interventional cardiology is a branch of cardiology that deals specifically with the catheter based treatment of structural heart diseases. Andreas Gruentzig is considered the father of interventional cardiology after the development of angioplast ...
, peripheral interventions,
neuromodulation Neuromodulation is the physiological process by which a given neuron uses one or more chemicals to regulate diverse populations of neurons. Neuromodulators typically bind to metabotropic, G-protein coupled receptors (GPCRs) to initiate a sec ...
, neurovascular intervention,
electrophysiology Electrophysiology (from ee the Electron#Etymology, etymology of "electron" ; and ) is the branch of physiology that studies the electrical properties of biological cell (biology), cells and tissues. It involves measurements of voltage change ...
, cardiac surgery,
vascular surgery Vascular surgery is a surgical subspecialty in which vascular diseases involving the arteries, veins, or lymphatic vessels, are managed by medical therapy, minimally-invasive catheter procedures and surgical reconstruction. The specialty evolve ...
,
endoscopy An endoscopy is a procedure used in medicine to look inside the body. The endoscopy procedure uses an endoscope to examine the interior of a hollow organ or cavity of the body. Unlike many other medical imaging techniques, endoscopes are insert ...
,
oncology Oncology is a branch of medicine that deals with the study, treatment, diagnosis, and prevention of cancer. A medical professional who practices oncology is an ''oncologist''. The name's Etymology, etymological origin is the Greek word ὄγ ...
,
urology Urology (from Ancient Greek, Greek wikt:οὖρον, οὖρον ''ouron'' "urine" and ''wiktionary:-logia, -logia'' "study of"), also known as genitourinary surgery, is the branch of medicine that focuses on surgical and medical diseases of t ...
and
gynecology Gynaecology or gynecology (see American and British English spelling differences) is the area of medicine concerned with conditions affecting the Female reproductive system, female reproductive system. It is often paired with the field of obste ...
. Boston Scientific is widely known for the development of the Taxus
Stent In medicine, a stent is a tube usually constructed of a metallic alloy or a polymer. It is inserted into the Lumen (anatomy), lumen (hollow space) of an anatomic vessel or duct to keep the passageway open. Stenting refers to the placement of ...
, a
drug-eluting stent A drug-eluting stent (DES) is a tube made of a mesh-like material used to treat atherosclerosis, narrowed arteries in medical procedures both mechanically (by providing a supporting scaffold inside the artery) and pharmacologically (by slowly ...
which is used to open clogged
arteries An artery () is a blood vessel in humans and most other animals that takes oxygenated blood away from the heart in the systemic circulation to one or more parts of the body. Exceptions that carry deoxygenated blood are the pulmonary arteries in ...
. With the full acquisition of Cameron Health in June 2012, the company also became notable for offering a minimally invasive implantable cardioverter-defibrillator (ICD) which they call the EMBLEM subcutaneous implantable defibrillator (S-ICD).


History

Boston Scientific was formed June 29, 1979, in Watertown, Massachusetts, as a holding company for the medical products company, Medi-Tech, Inc., and to position the company for growth in interventional medicine. Medi-Tech was the brainchild of Itzhak Bentov, a Czech-born émigré to
Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...
and then to the
United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
, who worked at the Arthur D. Little think tank in
Cambridge, Massachusetts Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. It is a suburb in the Greater Boston metropolitan area, located directly across the Charles River from Boston. The city's population as of the 2020 United States census, ...
, and ran a contract research company from his rented house in
Belmont, Massachusetts Belmont is a town in Middlesex County, Massachusetts, United States. It is a western suburb of Boston and is part of the Greater Boston metropolitan area. As of the 2020 U.S. census, its population was 27,295, an increase of 10.4% from 2010. H ...
, a venture he founded in 1965 with a business friend, Dan Singer. In 1967 he was asked by Boston Beth Israel Hospital radiologists to design a steerable, remotely controlled catheter; a series of engineering designs, polymer improvements and prototypes led to the release of a new steerable angiography catheter in 1969. That year John Abele joined the small company with an option to buy, and a year later he exercised his option with Cooper Labs as a business partner, and the operation was moved – out of Bentov's lab in the basement of the rectory of a Catholic church in Belmont – to Watertown. After a decade of steady growth, by chance Abele met Pete Nicholas in their neighborhood in
Concord, Massachusetts Concord () is a town in Middlesex County, Massachusetts, United States. In the 2020 United States census, 2020 census, the town population was 18,491. The United States Census Bureau considers Concord part of Greater Boston. The town center is n ...
. Their partnership hinged on Nicholas' goal to build business enterprises and Abele's predilection for the vision and potential in noninvasive surgical instrumentation; they gathered backers in the Boston banking community to buy out the Cooper Labs interest and form the new corporation. Less than a year later Kimray Medical Associates (later Mansfield Scientific, Inc.) was acquired, adding vena cava filters and cardiac output computers to the product line. By 1982 a renovated mill building in Watertown was transformed into a manufacturing plant. Acquisitions continued, with Endo-Tech (Microvasive, Inc.: gastrointestinal and pulmonary) in 1981 and then Van-Tec (urology) in 1988, and an international presence was expanded. Mansfield Scientific, Microvasive, and Medi-Tech merged into Boston Scientific December 31, 1988.


Initial public offering (1992)

On May 19, 1992, Boston Scientific launched an
initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
of 23.5 million shares, of which 18.8 million were offered in the U.S. and 4.7 million were offered outside the U.S. The initial offering amounted to 23% of Boston Scientific's outstanding stock. The opening price was $17 per share. Goldman, Sachs & Co. (lead) and PaineWebber Inc. were the
underwriters Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability ...
and
Abbott Laboratories Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, in the United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate k ...
held a 20% stake (23.5 million shares). The
market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by ...
was about $1.6 billion. The U.S. shares were listed on the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
.


Post–IPO

From 1995 through 1997, Boston Scientific increased its technology R&D and product offerings following several substantial acquisitions that included Cardiovascular Imaging Systems (intravascular ultrasound), SCIMED (cardiovascular), Vesica Medical (urology), Meadox (textile vascular prostheses), EP Technologies (cardiac ablation controllers), MinTec (abdominal aortic aneurysm grafts), Symbiosis Corporation (specialty medical product manufacture), and Target Therapeutics (on neurology). Boston Scientific acquired Target Therapeutics in a tax-free stock swap for about $1.1 billion, more than 10 times Target's total sales, in contrast to the usual multiple of 10 times earnings. The Taxus Stent was approved in 2003 in Europe and other countries and, in the United States, by the FDA in March 2004. It was the second drug-eluting stent approved in the United States. In April 2004 the company announced that it had exercised an exclusive option to acquire Precision Vascular Systems, Inc., as part of a series of agreements between Boston Scientific and Precision Vascular in 2002 – for an undisclosed sum. In June Boston acquired Advanced Bionics Corporation for $740 million in cash, plus earn out payments. In December Boston completed its acquisition of Advanced Stent Technologies, Inc., for $120 million payable in Boston Scientific stock, plus the possibility of future contingent payments. AST had been developing stent and stent delivery systems specifically designed to address the anatomical needs of
coronary artery disease Coronary artery disease (CAD), also called coronary heart disease (CHD), or ischemic heart disease (IHD), is a type of cardiovascular disease, heart disease involving Ischemia, the reduction of blood flow to the cardiac muscle due to a build-up ...
in bifurcated vessels. In April 2005, Boston exercised an exclusive option to acquire TriVascular, Inc., for an undisclosed sum and renamed it as Boston Scientific Santa Rosa Corporation, or BSSR. TriVascular was founded in January 1998 to develop less-invasive medical devices and procedures for treating abdominal aortic aneurysms, but BSC discontinued its endovascular aortic repair ( EVAR) program in 2006. Also, in April 2005, BSC announced it had exercised its option to acquire CryoVascular Systems, Inc., and its proprietary
angioplasty Angioplasty, also known as balloon angioplasty and percutaneous transluminal angioplasty, is a minimally invasive procedure, minimally invasive endovascular surgery, endovascular Medical procedure, procedure used to widen narrowed or obstructe ...
device to treat atherosclerotic disease of the legs and other peripheral arteries. In June Boston Scientific announced that its wholly owned subsidiary, Nemo I Acquisition, Inc., had successfully acquired
Salt Lake City Salt Lake City, often shortened to Salt Lake or SLC, is the capital and most populous city of the U.S. state of Utah. It is the county seat of Salt Lake County, the most populous county in the state. The city is the core of the Salt Lake Ci ...
-based Rubicon Medical Corporation, with Rubicon became a wholly owned subsidiary of Boston Scientific. In March 2008, BSC sold BSSR to TV2 Holding Company of Santa Rosa. Terms of the sale include $30 million in cash paid at the closing to BSC and a warrant allowing BSC to purchase a minority interest in TV2.


Guidant merger

In January 2006, the company announced an offer for its longtime competitor,
Guidant Guidant Corporation, part of Boston Scientific and Abbott Labs, designs and manufactures artificial cardiac pacemakers, implantable cardioverter-defibrillators, stents, and other cardiovascular medical products. Their company headquarters i ...
, for $72 per share or $25 billion. The offer, however, was rejected. On April 21, 2006, BSC acquired
Guidant Guidant Corporation, part of Boston Scientific and Abbott Labs, designs and manufactures artificial cardiac pacemakers, implantable cardioverter-defibrillators, stents, and other cardiovascular medical products. Their company headquarters i ...
for $27.2 billion. Guidant was split between BSC and
Abbott Laboratories Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, in the United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate k ...
. Four years later, in 2010, when moving its heart-rhythm business from its acquisition of Guidant, Boston Scientific eliminated 1300 jobs.


Post-merger

In December 2007, Boston Scientific announced it would sell its Fluid Management and Venous Access businesses for $425 million to Avista Capital Partners. In April 2008, the company acquired CryoCor, Inc., for $1.35 per share, $17.6 million in total. Navilyst Medical was formed in February 2008 from Boston Scientific's Fluid Management and Vascular Access business units. In January 2009, Boston announced it would acquire Labcoat Limited, whose primary development was that of a development-stage drug-eluting stent – for an undisclosed sum. In October 2010, the company was fined $600,000 by the US Department of Justice for paying a US Army doctor to use their devices and recommend them to others. In the same month Boston Scientific acquired Asthmatx, Inc., for $193.5 million, with payments of up to $250 million being paid on the achievement of specified revenue-based criteria through 2019. In January 2011, Boston acquired Atritech, Inc., for $100 million plus additional potential payments of up to $275 million. Atritech developed a novel device called the Watchman® designed to close the left atrial appendage in patients with atrial fibrillation who are at risk for ischemic stroke. In the same month, Boston Scientific acquired Intelect Medical, Inc., for $78 million and the remaining 86% of Sadra Medical, Inc., not already owned for $193 million plus contingent payments. At the same time, the business divested its neurovascular business to
Stryker Corporation Stryker Corporation is an American multinational Medical Technologies, medical technologies corporation based in Kalamazoo, Michigan, Kalamazoo, Michigan. Stryker's products include implants used in joint replacement and trauma surgeries; surgica ...
for $1.5 billion. In June 2012, Boston Scientific officially acquired Cameron Health for a total sum of $1.3 billion, paid out incrementally as various revenue milestones were achieved. In September the company announced it would acquire BridgePoint Medical, Inc., developer of a catheter-based system to treat coronary chronic total occlusions. In October, the company acquired Rhythmia Medical, Inc., developer of mapping and navigation methods for use in cardiac catheter ablations and other electrophysiology procedures. A month later the business acquired catheter-based renal denervation system developer, Vessix Vascular, Inc. In November 2013, Boston announced it would acquire Bard EP, the
electrophysiology Electrophysiology (from ee the Electron#Etymology, etymology of "electron" ; and ) is the branch of physiology that studies the electrical properties of biological cell (biology), cells and tissues. It involves measurements of voltage change ...
business of C.R. Bard, Inc., for $275 million. In May 2014, Boston acquired hysteroscopic intrauterine tissue removal specialist, IoGyn, Inc. In September, the business announced it would acquire the Interventional business of
Bayer Bayer AG (English: , commonly pronounced ; ) is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer' ...
. In March 2015, the company announced it would acquire Endo International Plc's American Medical Systems urology business for at least $1.6 billion, expanding the company's health and prostate treatments. In April, Boston announced its intention to acquire Xlumena, Inc. In October Boston announced it had invested further in percutaneous mitral valve replacement system developer, MValve Technologies, gaining a right to acquire the business in the future. As of 2016, it operates in more than 100 countries, employs more than 24,000 people, and manufactures around 13,000 diverse products. In July 2016 the business acquired the manufacturer of radiofrequency ablation systems, Cosman Medical, Inc. In September, Boston announced it had acquired EndoChoice Holdings, Inc., becoming part of the Boston Scientific Endoscopy business for $8.00 per share or $210 million in total. In November the company acquired the gynecology and urology portfolio of Distal Access, LLC, a company that designs minimally invasive medical devices. In December 2016, the business acquired a 15% stake in Neovasc, Inc., for $75 million. In May 2017, the company acquired Symetis SA, a developer of minimally invasive transcatheter aortic valve implantation devices. In October Boston acquired Apama Medical Inc. for up to $300 million. In April 2018, Boston Scientific announced the triple closure of its acquisitions of women's health company, nVision Medical Corporation, NxThera and Securus Medical Group, Inc., for up to $50 million. In July, Boston Scientific announced it would acquire Cryterion Medical, Inc, Veniti, Inc., in August Augmenix, Inc., and Claret Medical, Inc. and in October In late November Boston announce they would acquire UK medical device maker,
BTG plc BTG Limited is an international specialist healthcare company that is developing and commercialising products targeting critical care, cancer and other disorders. The current name was adopted when the British Technology Group changed its name on ...
, for $4.2 billion. BTG, before being acquired, was publicly traded and a constituent of the FTSE 250 Index. In late December, the company announced it would acquire Millipede, Inc for $325 million – after previously investing $90 million in the company. In May 2019, the company announced it would acquire Vertiflex, Inc., with the aim of increasing its interventional pain therapy offerings. Vertiflex principally developed treatment for lumbar spinal stenosis. In January 2021, Boston announced it would acquire Minneapolis-based Preventice Solutions, Inc., and its portfolio of mobile cardiac health solutions for up to $1.2 billion. In March, the business announced it would acquire Lumenis Ltd. for $1 billion from an affiliate of Baring Private Equity Asia, who, in 2019, had acquired it from XIO Group. In June, the company announced it would acquire the 73% of Farapulse, Inc., it did not already own, for $295 million. Farapulse was a
University of Iowa The University of Iowa (U of I, UIowa, or Iowa) is a public university, public research university in Iowa City, Iowa, United States. Founded in 1847, it is the oldest and largest university in the state. The University of Iowa is organized int ...
startup A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to ...
. The deal complimented Boston Scientific's existing electrophysiology portfolio. In September, the business announced it would acquire Devoro Medical, Inc., and its blood clot capturing technology. Boston Scientific had been a strategic investor in Devoro since 2019. In October, the company announced it would acquire Baylis Medical Company Inc. for $1.75 billion, expanding its electrophysiology and heart product portfolios (see Frank Baylis). In June 2022, the business announced it would acquire M.I.Tech Co., Ltd., of South Korea, for around $230 million. The deal was cancelled in May 2023 citing regulatory hurdles. In August, Boston announced it would acquire Obsidio, Inc. In September 2023, Boston Scientific acquired Relievant Medsystems, Inc. for an upfront cash payment of $850 million and undisclosed additional contingent payments based on sales performance over the next three years. In January 2024, the company announced it would acquire Axonics, Inc. for $3.7 billion. *Boston Scientific **Precision Vascular Systems, Inc. (Acq 2004) **Advanced Bionics Corporation (Acq 2004) **Advanced Stent Technologies, Inc. (Acq 2004) **TriVascular, Inc. (Acq 2005) **CryoVascular Systems, Inc. (Acq 2005) **Nemo I Acquisition, Inc. ***Rubicon Medical Corporation (Acq 2005) **
Guidant Guidant Corporation, part of Boston Scientific and Abbott Labs, designs and manufactures artificial cardiac pacemakers, implantable cardioverter-defibrillators, stents, and other cardiovascular medical products. Their company headquarters i ...
(Acq 2006 and split between Boston and
Abbott Laboratories Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, in the United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate k ...
)
**CryoCor, Inc. (Acq 2008) **Labcoat Limited (Acq 2009) **Asthmatx, Inc. (Acq 2010) **Atritech, Inc. (Acq 2011) **Intelect Medical, Inc. (Acq 2011) **Sadra Medical, Inc. (Acq 2011) **Cameron Health (Acq 2012) **BridgePoint Medical, Inc. (Acq 2012) **Rhythmia Medical, Inc. (Acq 2012) **Vessix Vascular, Inc. (Acq 2012) **Bard EP (Acq 2013) **IoGyn, Inc. (Acq 2014) **
Bayer Bayer AG (English: , commonly pronounced ; ) is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer' ...
(Interventional business, Acq 2014) ** Endo International (Urology business, Acq 2015) **Xlumena, Inc. (Acq 2015) **Cosman Medical, Inc. (Acq 2016) **EndoChoice Holdings, Inc. (Acq 2016) **Distal Access, LLC (Gynecology and Urology business, Acq 2016) **Symetis SA (Acq 2017) **Apama Medical Inc. (Acq 2017) **nVision Medical Corporation (Acq 2018) **NxThera (Acq 2018) **Securus Medical Group, Inc. (Acq 2018) **Cryterion Medical, Inc. (Acq 2018) **Veniti, Inc. (Acq 2018) **Augmenix, Inc. (Acq 2018) **Claret Medical, Inc. (Acq 2018) **
BTG plc BTG Limited is an international specialist healthcare company that is developing and commercialising products targeting critical care, cancer and other disorders. The current name was adopted when the British Technology Group changed its name on ...
(Acq 2018) ***British Technology Group (Merged 1981) **** National Research Development Corporation (NRDC) (Est. 1948) **** National Enterprise Board (NEB) (Est. 1975) ***Protherics Plc (Acq 2008) *** Biocompatibles (Acq 2011) ***Galil Medical (Acq 2016) ***Novate Medical (Acq 2018) **Millipede, Inc. (Acq 2018) **Vertiflex, Inc. (Acq 2019) **Preventice Solutions, Inc. (Acq 2021) **Lumenis Ltd (Acq 2021) **Farapulse, Inc (Acq 2021) **Devoro Medical, Inc. (Acq 2021) **Baylis Medical Company Inc (Acq 2021) **Obsidio (Acq 2022) **Relievant Medsystems, Inc. (Acq 2023) **Apollo Endosurgery, Inc (Acq 2023) **Axonics, Inc. (Acq 2024) **SoniVie Ltd (Acq 2025)


Organizational culture

BSC has been assessed favorably by its employees. In '' Glassdoor'' annual ''Best Places to Work – Employee's Choice Survey'', BSC earned scores of: * 2018: #35 (of 100). 4.4 stars (of 5). * 2019: #56 (of 100). 4.3 stars (of 5). * 2022: #52 (of 100). 4.3 stars (of 5). The feedback for this survey is given by current and former employees. As of 2018, BSC had 43% women among its employees, 38% among management positions, and 23% among corporate top management positions (data for US workforce, as of 2018).


Social commitment

Boston Scientific has set a standard for implementing an integrative organizational culture and states that it actively strives to further improve this by, among other things, increasing diversity among its employees – and in particular, among its managers, executives, and directors. To this end, the company has set itself the following goals in 2018: * Leadership role by belonging to the top 10 companies in the integration of employees of the following groups:
women A woman is an adult female human. Before adulthood, a female child or adolescent is referred to as a girl. Typically, women are of the female sex and inherit a pair of X chromosomes, one from each parent, and women with functional u ...
, people of color, disabled persons and members of the
LGBTQ LGBTQ people are individuals who are lesbian, Gay men, gay, bisexual, transgender, queer, or questioning (sexuality and gender), questioning. Many variants of the initialism are used; LGBTQIA+ people incorporates intersex, Asexuality, asexual, ...
community. * Increase the proportion of people of color with supervisor or managerial functions to 20% in the USA including Puerto Rico (end of 2018: 19.6%, +1.8% compared to 2017). * Increase the proportion of women in supervisor or managerial positions to 40% worldwide (end of 2018: 38.4%, +1.0% against 2017). Success for these objectives has been chronicled and ranked by publications and organizations, including: * ''
Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
'' added the company in 2019 to its list of ''Best Employers For Diversity'' for its efforts to foster a corporate culture that welcomes and supports all employees. That year, BSC ranked 85th out of 500 companies. ''Forbes'' included BSC in its 2021 and 2022 lists as well – ranking it 6th in 2021 and 171st in 2022, out of 500 for both years. * ''
Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician a ...
'' recognized BSC for its inclusion in the ''Gender-Equality Index'' in 2019, which includes companies that publicly demonstrate their commitment to equality and the advancement of women in the workplace. The index lists a total of 230 companies from ten economic sectors and 36 countries and regions. * The US magazine '' Working Mother'', in 2017, listed BSC, for the first time, along with 9 other companies, as one of the "100 Best Companies for ''Working Mothers''." The publication, again, listed BSC in 2018, 2019, and 2020. * The Human Rights Campaign ("HRC") named BSC as a ''Best Place to Work for LGBTQ Equality'' in its 2019 edition of the eponymous list. HRC has given BSC a ranking of 100 (of 100) every year from 2015 through 2022 in its annual CEI Index (Corporate Equality Index) rankings of
Fortune 1000 {{location map+ , United States , float=right , width=400, relief=1 , caption=''Fortune'' 1000 company headquarters locations. Top 20 companies labeled, places= {{location map~ , United States , lat= 36.365378 , long= -94.217629 , label= Walmart, ...
companies. * The journal, ''US Black Engineer & Information Technology'' (''USBE & IT''), in its "2021 Top Supporters of HBCU Engineering," ranked BSC No. 6 among the "Top 20 Industry Supporters."


Litigation


Johnson & Johnson patent litigation

Beginning in 2003, Boston Scientific and
Johnson & Johnson Johnson & Johnson (J&J) is an American multinational pharmaceutical, biotechnology, and medical technologies corporation headquartered in New Brunswick, New Jersey, and publicly traded on the New York Stock Exchange. Its common stock is a c ...
were involved in a series of litigations involving patents covering heart stent medical devices. Both parties claimed that the other had infringed upon their patents. The litigation was settled once Boston Scientific agreed to pay $716 million to Johnson & Johnson in September 2009 and an additional $1.73 billion in February 2010. It was announced in November 2014 that
Johnson & Johnson Johnson & Johnson (J&J) is an American multinational pharmaceutical, biotechnology, and medical technologies corporation headquartered in New Brunswick, New Jersey, and publicly traded on the New York Stock Exchange. Its common stock is a c ...
would have another chance for payback after a multibillion-dollar trial was set for November 20, 2014. A New York federal court judge would hear the case without a jury to decide whether Boston Scientific should be held liable for the contract breach.


Transvaginal mesh

Boston Scientific is one of several manufacturers of a medical device called transvaginal mesh, a type of surgical mesh used to treat pelvic organ prolapse. Experts concluded that the medical company had used cheap, counterfeit resin, which was both toxic and degraded when exposed to oxygen. When this was announced on ''
60 Minutes ''60 Minutes'' is an American television news magazine broadcast on the CBS television network. Debuting in 1968, the program was created by Don Hewitt and Bill Leonard, who distinguished it from other news programs by using a unique style o ...
,'' Boston Scientific responded by saying the broadcast was "irresponsible and misleading," citing a 2017
Food and Drug Administration The United States Food and Drug Administration (FDA or US FDA) is a List of United States federal agencies, federal agency of the United States Department of Health and Human Services, Department of Health and Human Services. The FDA is respo ...
(FDA) report stating that although they found variability in the polypropylene resin, "these differences do not present new safety or effectiveness concerns." One woman, who sued in 2011, was awarded $100 million. Two operations had failed to remove all the parts of the mesh and she was still in pain. The company appealed the decision and had the amount reduced to $10M. In 2015, Boston Scientific announced it would pay $119 million to 2,970 lawsuit plaintiffs, who had been injured by the mesh. On March 23, 2021, the company agreed to pay $189 million to settle allegations that it had seriously misrepresented the risks related to the vaginal mesh. As of Jan. 27, 2021, around 54,000 lawsuits related to transvaginal meshes had been filed against Boston Scientific. In April 2019, the FDA ordered Boston Scientific and Coloplast to remove all of their vaginal mesh products from the United States market. In 2020, Johnson & Johnson was required to pay $344 million for failing to disclose the serious product risks of its transvaginal mesh product.


NIR stent

In 2005, Boston Scientific paid $74 million to settle allegations that it had continued to sell NIR stents (flexible stents) after learning that many of them were defective. Twenty-six injuries and one death may have been caused by malfunctioning stents.


Defective defibrillators

In 2011, Guidant, a subsidiary of Boston Scientific, was criminally convicted of a failure to report defibrillator safety problems to the FDA. The company was forced to pay more than $296 million in criminal fines and had to submit to the supervision of the U.S. Probation Office for three years. Even though Guidant knew the devices were defective, they continued to sell the defibrillators anyway. Guidant LLC had also advised its sales representatives to tell physicians that nothing was wrong with the defibrillators, and told the FDA that the proposed corrections were not being done to correct life-threatening device flaws, but were rather to improve process throughout. Not until three deaths had occurred and ten months had passed did the company reveal the defects in 2005. The directives for these wrongdoings had been implemented prior to Boston Scientific's acquisition of Guidant in 2006. In 2013, BSC and three of its subsidiaries – Guidant LLC, Guidant Sales LLC, and Cardiac Pacemakers, Inc. – agreed to pay $30 million to settle allegations that, according to the Justice Department, between 2002 and 2005, Guidant knowingly sold defective heart devices to health care facilities that in turn implanted the devices into Medicare patients.


Bribery allegations

In 2009, Boston Scientific agreed to pay $22 million to settle allegations that its subsidiary Guidant LLC had used kickback schemes to boost sales for its pacemakers (cardiac rhythm management or CRM devices) and defibrillators ( implantable cardioverter-defibrillators or ICD devices). Allegedly, Guidant paid doctors between $1,000 and $1,500 each to participate in one of its four post-studies known as RaCE ($1,500), RaCE II ($1,000), RaCE III ($1,000), and MERITS ($1,000).


Obsidio Embolic Recall

In April 2024, the FDA announced a recall of Boston Scientific's device, Obsidio Embolic, which is used to stop hemorrhaging and excessive bleeding. It has been found that when the device is paired with the aliquot technique, it can lead to bowel ischemia, which can mean longer hospitalization or death for patients.


Financial restatement

On November 3, 1998, Boston Scientific restated its financial results for 1997, as well as its quarterly results for the first three quarters of 1998, due to the occurrence of business irregularities in the operations of its Japanese subsidiary.


Notable people

* * * * * * *


Locations


Headquarters and regional centers

* World headquarters:
Marlborough, Massachusetts Marlborough is a city in Middlesex County, Massachusetts, United States. The population was 41,793 at the 2020 United States census, 2020 census. Marlborough became a prosperous industrial town in the 19th century and made the transition to high ...
* Europe headquarters: Voisins-le-Bretonneux, France * Asia Pacific headquarters: Boston Scientific Asia Pacific Pte Ltd.,
Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...
* U.S. Government Affairs office:
Washington, D.C. Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and federal district of the United States. The city is on the Potomac River, across from Virginia, and shares land borders with ...
* Latin America headquarters: Weston, Florida


Manufacturing plants

*United States **
California California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...
*** San Jose ***
Valencia Valencia ( , ), formally València (), is the capital of the Province of Valencia, province and Autonomous communities of Spain, autonomous community of Valencian Community, the same name in Spain. It is located on the banks of the Turia (r ...
**
Indiana Indiana ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Michigan to the northwest, Michigan to the north and northeast, Ohio to the east, the Ohio River and Kentucky to the s ...
*** Spencer **
Minnesota Minnesota ( ) is a U.S. state, state in the Upper Midwestern region of the United States. It is bordered by the Canadian provinces of Manitoba and Ontario to the north and east and by the U.S. states of Wisconsin to the east, Iowa to the so ...
*** Arden Hills *** Maple Grove **
Georgia Georgia most commonly refers to: * Georgia (country), a country in the South Caucasus * Georgia (U.S. state), a state in the southeastern United States Georgia may also refer to: People and fictional characters * Georgia (name), a list of pe ...
***
Alpharetta Alpharetta is a city in northern Fulton County, Georgia, United States, and part of the Atlanta metropolitan area. As of the 2020 United States census, 2020 U.S. census, Alpharetta's population was 65,818; in 2010, the population had been 57,551. ...
**
Puerto Rico ; abbreviated PR), officially the Commonwealth of Puerto Rico, is a Government of Puerto Rico, self-governing Caribbean Geography of Puerto Rico, archipelago and island organized as an Territories of the United States, unincorporated territo ...
***
Dorado Dorado (, ) is a constellation in the Southern Sky. It was named in the late 16th century and is now one of the 88 modern constellations. Its name refers to the mahi-mahi (''Coryphaena hippurus''), which is known as ''dorado'' ("golden") in Sp ...
*
Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...
** Penang, Malaysia *
Costa Rica Costa Rica, officially the Republic of Costa Rica, is a country in Central America. It borders Nicaragua to the north, the Caribbean Sea to the northeast, Panama to the southeast, and the Pacific Ocean to the southwest, as well as Maritime bo ...
** Coyol ** Heredia ** Cartago *
Ireland Ireland (, ; ; Ulster Scots dialect, Ulster-Scots: ) is an island in the North Atlantic Ocean, in Northwestern Europe. Geopolitically, the island is divided between the Republic of Ireland (officially Names of the Irish state, named Irelan ...
**
Clonmel Clonmel () is the county town and largest settlement of County Tipperary, Republic of Ireland, Ireland. The town is noted in Irish history for its resistance to the Cromwellian conquest of Ireland, Cromwellian army which sacked the towns of Dro ...
** Cork **
Galway Galway ( ; , ) is a City status in Ireland, city in (and the county town of) County Galway. It lies on the River Corrib between Lough Corrib and Galway Bay. It is the most populous settlement in the province of Connacht, the List of settleme ...


Customer fulfillment centers

*
Quincy, Massachusetts Quincy ( ) is a city in Norfolk County, Massachusetts, Norfolk County, Massachusetts, United States. It is the largest city in the county. Quincy is part of the Greater Boston area as one of Boston's immediate southern suburbs. Its population in ...
*
Kerkrade Kerkrade (; Kerkrade dialect, Ripuarian: ; ; or ''Kirchrath'') is a town and a Municipalities of the Netherlands, municipality in the southeast of Limburg (Netherlands), Limburg, the southernmost province of the Netherlands. It forms part of the P ...
, Netherlands *
Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...
, Japan


Institutes for Advancing Science

*
Warsaw, Poland Warsaw, officially the Capital City of Warsaw, is the capital and largest city of Poland. The metropolis stands on the River Vistula in east-central Poland. Its population is officially estimated at 1.86 million residents within a grea ...
*
Minneapolis–Saint Paul Minneapolis–Saint Paul is a metropolitan area in the Upper Midwest, Upper Midwestern United States centered around the confluence of the Mississippi River, Mississippi, Minnesota River, Minnesota, and St. Croix River (Wisconsin–Minnesota), ...
area ** Arden Hills ** Maple Grove *
Huangpu District, Shanghai Huangpu District () makes up the eastern part of Shanghai's traditional urban core and is today the most central of Shanghai's 16 districts. Huangpu district is the seat of municipal government, includes key attractions such as The Bund (Shangha ...
*
Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...
** Miyazaki **
Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...
*
Paris, France Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...
* Gurgaon, India *
Istanbul, Turkey Istanbul is the largest city in Turkey, constituting the country's economic, cultural, and historical heart. With a population over , it is home to 18% of the population of Turkey. Istanbul is among the largest cities in Europe and in th ...
* Bryanston,
Johannesburg Johannesburg ( , , ; Zulu language, Zulu and Xhosa language, Xhosa: eGoli ) (colloquially known as Jozi, Joburg, Jo'burg or "The City of Gold") is the most populous city in South Africa. With 5,538,596 people in the City of Johannesburg alon ...
, South Africa In June 2022, Boston Scientific announced that it would invest $62.5 million in a manufacturing and
supply chain A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers, while supply chain management deals with the flow of goods in distri ...
facility in
Johns Creek, Georgia Johns Creek is a city in Fulton County, Georgia, United States. According to the 2020 United States Census, 2020 census, the population was 82,453. The city is a northeastern suburb of Atlanta. History In the early 19th century, the Johns Cr ...
, a suburb of
Atlanta Atlanta ( ) is the List of capitals in the United States, capital and List of municipalities in Georgia (U.S. state), most populous city in the U.S. state of Georgia (U.S. state), Georgia. It is the county seat, seat of Fulton County, Georg ...
. In 2016, Boston Scientific had acquired EndoChoice, located in
Alpharetta Alpharetta is a city in northern Fulton County, Georgia, United States, and part of the Atlanta metropolitan area. As of the 2020 United States census, 2020 U.S. census, Alpharetta's population was 65,818; in 2010, the population had been 57,551. ...
, from its proposed Johns Creek facility.


Subsidiaries

BSC, as of December 31, 2019, wholly owns or has a majority interest in all of the below mentioned entities. * Acurate Industria e Comercio Ltda. (Brazil) * American Medical Systems Europe B.V. (Netherlands) * Apama Medical, Inc. (Delaware) * Augmenix K.K. (Japan) * Augmenix, Inc. (Delaware) * Biocompatibles International Limited (England) * Biocompatibles UK Limited (England) * Biocompatibles, Inc. (Delaware) * * * Boston Scientific (Thailand) Ltd. (Thailand) * Boston Scientific (UK) Limited (England) * Boston Scientific AG (Switzerland) * Boston Scientific Argentina S.A. (Argentina) * * Boston Scientific Benelux NV (Belgium) * Boston Scientific Canada Limited (Canada) * Boston Scientific Ceska republika s.r.o. (Czech Republic) * Boston Scientific Chile SpA (Chile) * Boston Scientific Clonmel Limited, in liquidation (Ireland) * Boston Scientific Colombia Limitada (Colombia) * * Boston Scientific Cork Limited, in liquidation (Ireland) * Boston Scientific de Costa Rica S.R.L. (Costa Rica) * Boston Scientific de Mexico, S.A. de C.V. (Mexico) * Boston Scientific del Caribe, Inc. (Puerto Rico) * Boston Scientific do Brasil Ltda. (Brazil) * Boston Scientific Far East B.V. (Netherlands) * Boston Scientific Gesellschaft m.b.H. (Austria) * Boston Scientific Group plc (Ireland) * Boston Scientific Hellas S.A. (Greece) * Boston Scientific Hong Kong Limited (Hong Kong) * Boston Scientific Iberica, S.A. (Spain) * Boston Scientific India Private Limited (India) * Boston Scientific International B.V. (Netherlands) * Boston Scientific International Finance Limited (Ireland) * Boston Scientific International S.A. (France) * Boston Scientific Ireland Limited, in liquidation (Ireland) * Boston Scientific Israel Ltd. (Israel) * * Boston Scientific Korea Co., Ltd. (Korea) * Boston Scientific Lebanon SAL (Lebanon) * Boston Scientific Limited (England) * Boston Scientific Limited (Ireland) * Boston Scientific Ltd./Boston Scientifique Ltee. (Canada) * * Boston Scientific Medical Device Limited (Ireland) * Boston Scientific Medizintechnik GmbH (Germany) * Boston Scientific Middle East FZ-LLC (UAE) * Boston Scientific Middle East SAL (Offshore) (Lebanon) * Boston Scientific Nederland B.V. (Netherlands) * * Boston Scientific New Zealand Limited (New Zealand) * Boston Scientific Nordic AB (Sweden) * Boston Scientific Peru S.A.C. (Peru) * Boston Scientific Philippines, Inc. (Philippines) * Boston Scientific Polska Sp. z o.o. (Poland) * * Boston Scientific Pty Ltd (Australia) * Boston Scientific Romania S.R.L. (Romania) * Boston Scientific S.A.S.(France) * Boston Scientific S.p.A. (Italy) * * Boston Scientific Services Private Limited (India) * * * Boston Scientific Uruguay S.A. (Uruguay) * * Bravo Bidco Limited (England) * * * BTG Australasia Pty Ltd (Australia) * BTG Europe B.V. (Netherlands) * BTG IM Holdings Ltd. (Israel) * BTG International (Holdings) Limited (England) * BTG International Asia Limited (Hong Kong) * BTG International Canada Inc. (Canada) * BTG International Germany GmbH (Germany) * BTG International Healthcare Inc. (Delaware) * BTG International Healthcare Limited (Delaware) * BTG International Healthcare LLC (Delaware) * BTG International Inc. (Delaware) * BTG International Limited (England) * BTG Limited (England) * BTG Management Services Limited (England) * BTG Medikal Limited Sirketi (Turkey) * * * Claret Medical, Inc. (Delaware) * * Cryterion Medical, Inc. (Delaware) * Cryterion Medical Ireland, Limited (Ireland) * EKOS LLC (Delaware) * Electron Acquisition Corporation (Delaware) * EMcision International Inc. (Canada) * EndoChoice GmbH, in liquidation (Germany) * EndoChoice Holdings, Inc. (Delaware) * * EndoChoice Innovation Center Ltd. (Israel) * EndoChoice Israel Ltd. (Israel) * * Galil Medical Inc. (Delaware) * Galil Medical Ltd. (Israel) * Galil Medical UK Limited (England) * * Guidant Europe NV (Belgium) * Guidant Puerto Rico B.V. (Netherlands) * Hong Kong Medtech Trading Limited (Hong Kong) * Millipede, Inc. (Delaware) * Notebook Merger Sub, Ltd. (Delaware) * Novate Medical Limited (Ireland) * nVision Medical Corporation (Delaware) * NXT Merger Corp. (Delaware) * NxThera, Inc. (Delaware) * PneumRx GmbH (Germany) * PneumRx Limited (England) * PneumRx LLC (Delaware) * Protherics Medicines Development B.V. (Netherlands) * Protherics Medicines Development Limited (England) * Protherics UK Limited (England) * Provensis Limited (England) * PT Boston Scientific Indonesia (Indonesia) * RMI Acquisition Corp. (California) * * Roxwood Medical, Inc. (Delaware) * * Securus Medical Group, Inc. (Delaware) * SNS Merger Corp (Delaware) * Special K Merger Corp. (Delaware) * StarMedTec GmbH, in liquidation (Germany) * Stream Enterprises LLC (Delaware) * Symetis SA (Switzerland) * * Veniti, Inc. (Delaware) * Vertiflex, Inc. (Delaware) * Zuma Investment Pty Ltd (Australia) * 34 Biomedical Merger Corp. (Delaware) * 9357-1867 Quebec Inc. (Canada)


Bibliography


Notes


References

*
*
* or * *
* * ''APOPS'' ** * ''Bloomberg'' ** * ''Boson'' ** * ** * * ''Forbes'' ** * '' Glassdoor'' ** (current) ** ** ** * ''Market Realist'' ** * ''Strom Law Firm'' ** * ''US Black Engineer and Information Technology'' ** * '' Working Mother'' ; , , , , and . The magazine ceased publication in 2021. ** ** ** ** * ''
Xconomy Xconomy was a media company providing news on business, life sciences, and technology{{cite web , title=Company Overview of Xconomy, Inc. , url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=36215051 , publisher=Bloomberg ...
'' ** * '' Atlanta Business Chronicle'' ** (print ed.). * ''
Atlanta Journal-Constitution ''The Atlanta Journal-Constitution'' (''AJC'') is an American daily newspaper based in metropolitan area of Atlanta, Georgia. It is the flagship publication of Cox Enterprises. The ''Atlanta Journal-Constitution'' is the result of the merger ...
'' ** * ''BioSpace'' ** ** * ''
Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg T ...
'' ** . * '' Boston Business Journal'' ** * ''
CBS News CBS News is the news division of the American television and radio broadcaster CBS. It is headquartered in New York City. CBS News television programs include ''CBS Evening News'', ''CBS Mornings'', news magazine programs ''CBS News Sunday Morn ...
'' ** * ''
Chicago Tribune The ''Chicago Tribune'' is an American daily newspaper based in Chicago, Illinois, United States. Founded in 1847, it was formerly self-styled as the "World's Greatest Newspaper", a slogan from which its once integrated WGN (AM), WGN radio and ...
'' ** ; (print); .
()
* ''
CNN Business CNN Business (formerly CNN Money) is a financial news and information website, operated by CNN. The website was originally formed as a joint venture between CNN.com and Time Warner's '' Fortune'' and ''Money'' magazines. Since the spin-off of T ...
'' ** (US Newsstream database). * ''Fierce Biotech'' ** * ''
The Globe and Mail ''The Globe and Mail'' is a Newspapers in Canada, Canadian newspaper printed in five cities in Western Canada, western and central Canada. With a weekly readership of more than 6 million in 2024, it is Canada's most widely read newspaper on week ...
'' ** * ''MassDevice'' ** ** ** ** ** * ''Medical Device and Diagnostic Industry (MD+DI)'' ** * ''
Medscape Medscape is a website providing access to medical information for clinicians and medical scientists; the organization also provides continuing education for physicians and other health professionals. It references medical journal articles, Con ...
'' ** * ''MedTech Intelligence'' ** * ''
NBC News NBC News is the news division of the American broadcast television network NBC. The division operates under NBCUniversal Media Group, a division of NBCUniversal, which is itself a subsidiary of Comcast. The news division's various operations r ...
'' ** * ''
The New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...
'' ** (alternate access → , (US Newsstream database) * ''NS Medical Devices '' ** * ''
Reuters Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...
'' ** ** ** ** * '' Sacramento Business Journal'' ** * ''
Seattle Times ''The Seattle Times'' is an American daily newspaper based in Seattle, Washington. Founded in 1891, ''The Seattle Times'' has the largest circulation of any newspaper in the state of Washington and the Pacific Northwest region. The Seattle Time ...
'' ** * ''
Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'' ** . * * * * * * * * * * * * *
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
* *


External links

* * {{Authority control Companies listed on the New York Stock Exchange Manufacturing companies based in Massachusetts American companies established in 1979 Technology companies established in 1979 Health care companies based in Massachusetts Companies based in Middlesex County, Massachusetts Marlborough, Massachusetts Life science companies based in Massachusetts Implants (medicine) Medical technology companies of the United States Health care companies established in 1979 Technology companies based in Massachusetts 1979 establishments in Massachusetts 1992 initial public offerings American brands