69-765: 42°21′37.3″N 71°33′32.6″W / 42.360361°N 71.559056°W / 42.360361; -71.559056 Boston Scientific Corporation ( BSC ), headquartered in Marlborough, Massachusetts and incorporated in Delaware , is a biomedical/biotechnology engineering firm and multinational manufacturer of medical devices used in interventional medical specialties , including interventional radiology , interventional cardiology , peripheral interventions, neuromodulation , neurovascular intervention, electrophysiology , cardiac surgery , vascular surgery , endoscopy , oncology , urology and gynecology . Boston Scientific
138-569: 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 . 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
207-427: A company has 4 million common shares outstanding and the closing price per share is $ 20, its market capitalization is then $ 80 million. If the closing price per share rises to $ 21, the market cap becomes $ 84 million. If it drops to $ 19 per share, the market cap falls to $ 76 million. This is in contrast to mercantile pricing where purchase price, average price and sale price may differ due to transaction costs. Not all of
276-537: A cultural district. Marlborough is located near the intersection of Routes 495, 290, 20 and the Massachusetts Turnpike. It is connected to neighboring towns and cities by MWRTA. Marlborough is served by Two Interstate , one U.S Highway and one state highways : Ghost Light Players is a 501(c)(3) charitable organization based in Marlborough. The group has been performing in and around
345-587: 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 and then to the United States , who worked at the Arthur D. Little think tank in Cambridge, Massachusetts , and ran a contract research company from his rented house in Belmont, Massachusetts ,
414-568: A majority interest in all of the below mentioned entities. Marlborough, Massachusetts Marlborough is a city in Middlesex County, Massachusetts , United States. The population was 41,793 at the 2020 census . Marlborough became a prosperous industrial town in the 19th century and made the transition to high technology industry in the late 20th century after the construction of the Massachusetts Turnpike . It
483-585: 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 for $ 1.5 billion. In June 2012, Boston Scientific officially acquired Cameron Health for
552-404: A population of 14,000, Marlborough had become a major shoe manufacturing center, producing boots for Union soldiers , as well as footwear for the civilian population. Marlborough became so well known for its shoes that its official seal was decorated with a factory , a shoe box , and a pair of boots when it was incorporated as a city in 1890. The Civil War resulted in the creation of one of
621-554: 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
690-517: 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
759-640: 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
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#1732786683399828-450: 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
897-503: A value called the embedded value (EV) has been used. It is also used in ranking the relative size of stock exchanges , being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. The total capitalization of stock markets or economic regions may be compared with other economic indicators (e.g. the Buffett indicator ). The total market capitalization of all publicly traded companies in 2023
966-451: 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
1035-584: Is commonly known as Greater Boston’s outer circumferential highway – is a strategic land usage format comparable to the city of Waltham , which itself has many office parks adjacent to the region’s inner circumferential highway of Massachusetts State Route 128 . The Marlborough Center Historic District – focused primarily on Main Street in the heart of the city’s downtown area – features restaurants, hair salons, barber shops, insurance agencies and many other businesses. The Marlborough Regional Chamber of Commerce
1104-415: Is crossed by Interstate 495 , U.S. Route 20 and Massachusetts Route 85 . The eastern terminus of Interstate 290 is also in Marlborough. Marlborough is located in eastern Massachusetts , bordered by six municipalities: Berlin , Hudson , Sudbury , Framingham , Southborough , and Northborough . As of the census of 2000, there were 36,255 people, 14,501 households, and 9,280 families residing in
1173-510: 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). 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,
1242-463: Is part of the Worcester metropolitan area. Marlborough was declared a town in 1660, and was incorporated as a city in 1890 when it changed its municipal charter from a New England town meeting system to a mayor–council government . John Howe in 1656 was a fur trader and built a house at the intersection of two Indian trails, Nashua Trail and Connecticut path. He could speak the language of
1311-478: Is sometimes heard. Large caps have a slow growth rate as compared to small caps. Different numbers are used by different indexes; there is no official definition of, or full consensus agreement about, the exact cutoff values. The cutoffs may be defined as percentiles rather than in nominal dollars . The definitions expressed in nominal dollars need to be adjusted over decades due to inflation , population change, and overall market valuation (for example, $ 1 billion
1380-617: Is the local chamber of commerce for Marlborough and five other surrounding towns in MetroWest Massachusetts. The chamber represents the business needs of over 650 businesses and thousands of employees in the area and is headquartered in the city. The Chamber of Commerce's role has included working with the MetroWest Regional Transit Authority to improve transportation options and to obtain recognition for Marlborough's Downtown Village as
1449-673: Is widely known for the development of the Taxus Stent , a drug-eluting stent which is used to open clogged arteries . 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) . Boston Scientific was formed June 29, 1979, in Watertown, Massachusetts, as
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#17327866833991518-640: The Algonquian Indians though the local tribe referred to themselves as the Pennacooks . The settlers were welcomed by the Indians because they protected them from other tribes they were at war with. In the 1650s, several families left the nearby town of Sudbury , 18 miles west of Boston , to start a new town. The village was named after Marlborough , the market town in Wiltshire , England. It
1587-750: 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. 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). In April 2024,
1656-541: The United States Census Bureau , the city has a total area of 22.2 square miles (57 km ), of which 21.1 square miles (55 km ) is land and 1.1 square miles (2.8 km ) (4.87%) is water. The Assabet River cuts across the northwest corner of the city. Within city limits are three large lakes, known as Lake Williams, Millham Reservoir and Fort Meadow Reservoir . (A portion of Fort Meadow Reservoir extends into nearby Hudson .) Marlborough
1725-638: 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
1794-421: 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. On November 3, 1998, Boston Scientific restated its financial results for 1997, as well as its quarterly results for
1863-550: 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. 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. In 2011, Guidant,
1932-425: The Marlborough area since 2012, with productions including Hamlet , Dog Sees God , Romeo and Juliet , Macbeth , Godspell , and Love Comics . The Marlborough Country Club was host of Senior PGA Tour Event The Marlborough Classic from 1981 to 1983. Bob Goalby won the event in 1981, with Arnold Palmer winning in 1982 and Don January winning in 1983. The event has since changed locations to
2001-537: The Nashawtuc Country Club in Concord, Massachusetts and is now called Bank of America Championship . Cities Towns 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
2070-753: The anatomical needs of coronary artery disease 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 device to treat atherosclerotic disease of
2139-403: The average family size was 3.07. In the city, the population was spread out, with 23.3% under the age of 18, 7.0% from 18 to 24, 36.7% from 25 to 44, 21.5% from 45 to 64, and 11.6% who were 65 years of age or older. The median age was 36 years. For every 100 females, there were 97.2 males. For every 100 females age 18 and over, there were 94.8 males. The median income for a household in the city
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2208-418: The broadcast was "irresponsible and misleading," citing a 2017 Food and Drug Administration (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
2277-502: The business acquired catheter-based renal denervation system developer, Vessix Vascular, Inc. In November 2013, Boston announced it would acquire Bard EP, the electrophysiology 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 . In March 2015,
2346-532: 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
2415-424: 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 startup . The deal complimented Boston Scientific's existing electrophysiology portfolio. In September,
2484-543: 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
2553-515: The city – locally known as the "Southwest Quadrant" – features numerous office parks and corporate buildings clustered together in a busy industrial core dotted along Forest Street, Cedar Hill Street, Simarano Drive, Ames Street, D’Angelo Drive and Campus Drive (serving The Campus at Marlborough property) with easy access to the Interstate 495 highway. The city’s recent growth of suburban office park infrastructure adjacent to Interstate 495 – which
2622-428: The city. The population density was 1,719.4 inhabitants per square mile (663.9/km ). There were 14,903 housing units at an average density of 706.8 per square mile (272.9/km ). The racial makeup of the city was 87.70% White , 2.17% African American , 0.20% Native American , 3.76% Asian , 0.04% Pacific Islander , 3.27% from other races , and 2.86% from two or more races. Hispanic or Latino of any race were 6.06% of
2691-726: The closing to BSC and a warrant allowing BSC to purchase a minority interest in TV2. In January 2006, the company announced an offer for its longtime competitor, Guidant , for $ 72 per share or $ 25 billion. The offer, however, was rejected. On April 21, 2006, BSC acquired Guidant for $ 27.2 billion. Guidant was split between BSC and Abbott Laboratories . Four years later, in 2010, when moving its heart-rhythm business from its acquisition of Guidant, Boston Scientific eliminated 1300 jobs. 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,
2760-558: The colonies, Marlborough became a favored rest stop on the Boston Post Road . Many travelers stopped at its inns and taverns , including George Washington , who visited the Williams Tavern soon after his inauguration in 1789. In 1836, Samuel Boyd, known as the "father of the city," and his brother, Joseph, opened the first shoe manufacturing business - an act that would change the community forever. By 1890, with
2829-465: 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
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2898-529: 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
2967-417: 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
3036-414: The company has set itself the following goals in 2018: Success for these objectives has been chronicled and ranked by publications and organizations, including: Beginning in 2003, Boston Scientific and Johnson & Johnson 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
3105-403: The construction of a park in acknowledgment of the shoe industry, featuring statues by the sculptor David Kapenteopolous. The construction of Interstates 495 and 290 and the Massachusetts Turnpike has enabled the growth of the high technology and specialized electronics industries. With its easy access to major highways and the pro-business, pro-development policies of the city government,
3174-400: The contract breach. 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 , Boston Scientific responded by saying
3243-536: The corner of Route 85 and Main Street. Around that time, Marlborough is believed to have been the first community in the country to receive a charter for a streetcar system, edging out Baltimore by a few months. The system, designed primarily for passenger use, provided access to Milford to the south, and Concord to the north. As a growing industrialized community, Marlborough began attracting skilled craftsmen from Quebec , Ireland , Italy , and Greece . Shoe manufacturing continued in Marlborough long after
3312-464: 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,
3381-593: The first blacksmith . Marlborough was one of the seven "Praying Indian Towns" because they were converted to Christianity by the Rev. John Eliot of Roxbury . In 1674, a deed was drawn up dividing the land between the settlers and the natives. This is the only record of names of the natives. The settlement was almost destroyed by Native Americans in 1676 during King Philip's War . In 1711, Marlborough's territory included Northborough , Southborough , Westborough , and Hudson . As population, business, and travel grew in
3450-617: The first three quarters of 1998, due to the occurrence of business irregularities in the operations of its Japanese subsidiary. In June 2022, Boston Scientific announced that it would invest $ 62.5 million in a manufacturing and supply chain facility in Johns Creek, Georgia , a suburb of Atlanta . In 2016, Boston Scientific had acquired EndoChoice, located in Alpharetta , 10.8 mi (17.4 km) from its proposed Johns Creek facility. BSC, as of December 31, 2019, wholly owns or has
3519-413: The industry had fled many other New England communities. Rice & Hutchins, Inc. operated several factories in Marlborough from 1875 to 1929. Famous Frye boots were manufactured here through the 1970s, and The Rockport Company , founded in Marlborough in 1971, maintained an outlet store in the city until 2017. In 1990, when Marlborough celebrated its centennial as a city, the festivities included
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#17327866833993588-519: The largest individual landholder in Sudbury, but he represented his new town in the Massachusetts legislature for five years and devoted at least eleven of his last fifteen years to serving as selectman and judge of small causes." The Puritan minister Reverend William Brimstead became the first minister of First Church in Marlborough , William Ward the first deacon and Johnathan Johnson was
3657-406: 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 -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
3726-471: The number of common shares outstanding. Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure , and does not reflect management's decision as to how much debt (or leverage ) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms,
3795-513: The outstanding shares trade on the open market. The number of shares trading on the open market is called the float. It is equal to or less than N because N includes shares that are restricted from trading. The free-float market cap uses just the floating number of shares in the calculation, generally resulting in a smaller number. Traditionally, companies were divided into large-cap, mid-cap, and small-cap . The terms mega-cap and micro-cap have since come into common use, and nano-cap
3864-482: The population of Marlborough has increased to over 38,000 at the time of the 2010 census. In November 2016, the administration of Massachusetts Governor Charlie Baker announced a $ 3 million grant to the city to fund infrastructure improvements along U.S. Route 20 to aid commercial development. Marlborough is located at 42°21′3″N 71°32′51″W / 42.35083°N 71.54750°W / 42.35083; -71.54750 (42.350909, −71.547530). According to
3933-408: The population. There were 14,501 households, out of which 30.4% had children under the age of 18 living with them, 51.5% were married couples living together, 9.0% had a female householder with no husband present, and 36.0% were non-families. 28.4% of all households were made up of individuals, and 8.3% had someone living alone who was 65 years of age or older. The average household size was 2.47 and
4002-400: The region's most unusual historical monuments. Legend has it that a company from Marlborough, assigned to Harpers Ferry , appropriated the bell from the firehouse where John Brown last battled for the emancipation of the slaves. The company left the bell in the hands of one Mrs. Elizabeth Snyder for 30 years, returning in 1892 to bring it back to Marlborough. The bell now hangs in a tower at
4071-574: 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 , for $ 4.2 billion. BTG, before being acquired,
4140-902: Was $ 17 per share. Goldman, Sachs & Co. (lead) and PaineWebber Inc. were the underwriters and Abbott Laboratories held a 20% stake (23.5 million shares). The market capitalization was about $ 1.6 billion. The U.S. shares were listed on the New York Stock Exchange . 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
4209-435: Was $ 56,879, and the median income for a family was $ 70,385. Males had a median income of $ 49,133 versus $ 32,457 for females. The per capita income for the city was $ 28,723. About 4.7% of families and 6.8% of the population were below the poverty line , including 8.9% of those under age 18 and 10.3% of those age 65 or over. Marlborough is home to many businesses, stores and restaurants. The revitalized southwestern corner of
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#17327866833994278-421: Was approximately US$ 111 trillion. Total market capitalization of all publicly traded companies in the world from 1975 to 2020. Market cap is given by the formula MC = N × P {\textstyle {\text{MC}}=N\times P} , where MC is the market capitalization, N is the number of common shares outstanding, and P is the market price per common share. For example, if
4347-651: 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. BSC has been assessed favorably by its employees. In Glassdoor annual Best Places to Work – Employee's Choice Survey , BSC earned scores of: The feedback for this survey
4416-400: Was expanded. Mansfield Scientific, Microvasive, and Medi-Tech merged into Boston Scientific December 31, 1988. On May 19, 1992, Boston Scientific launched an initial public offering 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
4485-534: 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
4554-605: Was first settled in 1657 by 14 men led by Edmund Rice , John Ruddock, John Howe and a third John named John Bent; in 1656 Rice and his colleagues petitioned the Massachusetts General Court to create the town of Marlborough and it was officially incorporated in 1660. Rice was elected a selectman at Marlborough in 1657. Sumner Chilton Powell wrote, in Puritan Village: The Formation of a New England Town , "Not only did Rice become
4623-657: 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,
4692-575: 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 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
4761-592: 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
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