Boston Scientific manufactures and markets medical devices for heart, digestive, pulmonary, vascular, urological and chronic diseases. Read more

24,730 Followers on Owler
24,730 Followers on Owler
24,730 Followers on Owler
24,730 Followers on Owler

Boston Scientific manufactures and markets medical devices for heart, digestive, pulmonary, vascular, urological and chronic diseases. Read more

Michael F. Mahoney's photo - Chairman & CEO of Boston Scientific

Chairman & CEO

Michael F. Mahoney

CEO Approval Rating

66/100

Founded:

1979

Status:

PublicIndependent CompanyNYSEBSX

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Abbott is Boston Scientific's biggest rival. Abbott was founded in Abbott Park, Illinois} in 1888. Like Boston Scientific, Abbott also competes in the Health Care Equipment sector. Compared to Boston Scientific, Abbott generates $22.1B more revenue.

Medtronic is Boston Scientific's #2 rival. Medtronic's headquarters is in Minneapolis, Minnesota, and was founded in 1949. Like Boston Scientific, Medtronic also competes in the Health Care Equipment space. Medtronic generates 275% of Boston Scientific's revenue.

Cook Medical is Boston Scientific's #3 competitor. Cook Medical was founded in 1963 in Bloomington, Indiana. Like Boston Scientific, Cook Medical also works within the Health Care Equipment sector. Cook Medical generates $8.1B less revenue than Boston Scientific.

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Competitor - 1/1

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$10.1B

Boston Scientific's revenue is the ranked 15th among it's top 10 competitors. The top 10 competitors average 23.9B. Over the last four quarters, Boston Scientific's revenue has decreased by 8.5%. Specifically, in Q3 2020's revenue was $2.7B; in Q2 2020, it was $2B; in Q1 2020, it was $2.5B; in Q4 2019, Boston Scientific's revenue was $2.9B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Preventice Solutions, Inc.

Jan 2021

Source »
$925M
Preventice is a medical device company that develops and commercializes cardiac monitoring devices for physicians.
Vertiflex, Inc.

May 2019

Source »
$465M
Vertiflex develops and commercializes invasive decompression systems for the treatment of lumbar spinal stenosis.
BTG International Ltd.

Nov 2018

Source »
$4.2B
BTG focuses on developing and commercializing of pharma products for cancer, vascular and emphysema diseases.
Augmenix, Inc

Sep 2018

Source »
$500M
SpaceOAR designs, develops and commercializes hydrogel based medical devices for radiation oncology, urology and cancer surgery.
VENITI, Inc.

Aug 2018

Source »
$108M
VENITI designs, develops and manufactures stent systems for the treatment of venous disease.

These are all the companies that Boston Scientific has acquired. Boston Scientific has acquired 26 companies and its latest acquisition was Preventice Solutions, Inc. in Jan 2021. Preventice is a medical device company that develops and commercializes cardiac monitoring devices for physicians.

Boston Scientific Funding History

$400M$2.1B

Since Boston Scientific was founded in 1979, it has participated in 2 rounds of funding. In total Boston Scientific has raised $2.1B. Boston Scientific's last funding round was on May 2020 for a total of $1.7B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
May 2020
$1.7B
-
IPO
May 1992
$400M

Since Boston Scientific was founded in 1979, it has participated in 2 rounds of funding. In total Boston Scientific has raised $2.1B. Boston Scientific's last funding round was on May 2020 for a total of $1.7B

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Preventice is a medical device company that develops and commercializes cardiac monitoring devices for physicians.
$137M
Jul 14, 2020
Series B
-
Saluda Medical develops and manufactures a spinal cord stimulation system for the treatment of axial back pain.
$75M
Jun 27, 2019
Equity
-
InterVene designs, manufactures and distributes endovascular devices for the treatment of Chronic Venous Insufficiency.
$15M
Jun 24, 2019
Series B
-
Francis Medical is a medical device company that develops and markets vapor ablation equipment for the treatment of prostate and bladder cancers.
$18M
Dec 12, 2018
Series A
-
RenovoRx is a manufacturer of adjustable dual-balloon infusion catheter for physicians to safely deliver therapeutic agents.
$7M
May 22, 2018
Equity
-

These are all the companies that Boston Scientific has invested in. Boston Scientific has invested 26 companies and its latest investment was Preventice Solutions, Inc. in Jan 2021. Preventice is a medical device company that develops and commercializes cardiac monitoring devices for physicians.

Boston Scientific News

January 24, 2021FierceBiotech

FDA approves Boston Scientific's newest deep brain stimulator for Parkinson's disease

FDA approves Boston Scientific's newest deep brain stimulator for Parkinson's disease chale Sun, 01/2... See more »
January 22, 2021FinSMEs

Boston Scientific To Acquire Preventice Solutions, For Up To $1.225 Billion

Boston Scientific (NYSE: BSX) is to acquire...... See more »
January 22, 2021Medical Buyer

Boston Scientific to buy Preventice in deal worth up to $1.225 Billion

Medical device maker Boston Scientific (BSX) - Get Report announced that it has agreed to acquire Pre... See more »
January 21, 2021The Business Journals: Minneapolis/St. Paul

Boston Scientific buying heart-monitoring systems company Preventice

Preventice Solutions, a Twin Cities-based health technology company that makes systems that can monit... See more »
January 18, 202124*7 Magazine

Boston Scientific Launches WaveWriter Alpha Spinal Cord Stimulator Systems in U.S.

The portfolio of four MRI-conditional, Bluetooth-enabled rechargeable and non-rechargeable implantabl... See more »
January 15, 2021Orthopedic Design & Technology

Boston Scientific Releases WaveWriter Alpha Spinal Cord Stimulators in U.S.

Full-body MRI conditional devices combine therapy options for personalized pain relief.... See more »

Boston Scientific Press Releases

September 19, 2020Cision Canada

Approval of Settlement of Canadian Boston Scientific Transvaginal Mesh Litigation

/CNW/ - Siskinds LLP and Siskinds, Desmeules s.e.n.c.r.l. announced today court approval of a Canada-... See more »
June 10, 2020EIN Presswire

Mini-Sling 522 Study and IDE Study Don't Prove Safety

Will transobturator polypropylene slings be next to be banned by the FDA?SANTA BARBARA, CA, 93101, Ju... See more »
March 17, 2020EIN Presswire

Boston Scientific Can't Avoid Liability for Latent Injuries Caused by Vaginal Mesh

Boston Scientific Corporation- the manufacturer responsible for the latent injuries, has not limited ... See more »
November 13, 2019EIN Presswire

Boston Scientific and Urogynecologist Hit with Vaginal Mesh Lawsuit

Boston Scientific Corporation and urogynecologist Valerie Burkard, MD hit with a lawsuit filed by a w... See more »
October 31, 2019EIN Presswire

Boston Scientific Corporation Hit with 3 Lawsuits for Serious Injuries Caused by Obtryx Transobturator Sling

The women are 'newly injured' since the Transvaginal Mesh Multidistrict Litigation in West Virginia (... See more »
September 18, 2019StreetInsider

Boston Scientific Announces Scheduled Presentations at Transcatheter Cardiovascular Therapeutics 2019

MARLBOROUGH, Mass., Sept. 18, 2019 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) today an... See more »
September 18, 2019EIN Presswire

Brightens Path for Vaginal Mesh Lawsuit in Tennessee

Boston Scientific Corporation has been hit with a lawsuit filed by a woman who sustained injuries cau... See more »

Boston Scientific Videos

September 30, 2020Boston Scientific Youtube Channel

"STEM Demo Vacuums & Pressure" on YOUTUBE

September 25, 2020Boston Scientific Youtube Channel

"Egg Buoyancy STEM Experiment" on YOUTUBE

September 24, 2020Boston Scientific Youtube Channel

"PBS SciGirls Featuring Victoria, Biomedical Engineer" on YOUTUBE

September 10, 2020Boston Scientific Youtube Channel

"Working Together to Achieve Change" on YOUTUBE

June 17, 2020Boston Scientific Youtube Channel

"Boston Scientific COVID-19 Pandemic Relief" on YOUTUBE

March 26, 2020Boston Scientific Youtube Channel

"How do we treat what we cannot see?" on YOUTUBE

Social Media

Headquarters

300 Boston Scientific Way

Marlborough, Massachusetts01752

800-876-9960

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Summary

ABOUT

Overview

Boston Scientific Corp. manufactures and markets medical solutions for heart, digestive, pulmonary, vascular, urological, and chronic diseases. Founded by John Abele and Pete M. Nicholas in 1979 and headquartered in Marlborough, Massachusetts with 24,...

CEO

Boston Scientific's Chairman & CEO, Michael F. Mahoney, currently has an approval rating of 66%. Boston Scientific's primary competitors are Abbott, Medtronic & Cook Medical.

Website

bostonscientific.com

Frequently Asked Questions about Boston Scientific

  1. When was Boston Scientific founded?

    Boston Scientific was founded in 1979
  2. Who is Boston Scientific's CEO?

    Boston Scientific's CEO is Michael F. Mahoney
  3. How much revenue does Boston Scientific generate?

    Boston Scientific generates $10.1B in revenue
  4. How much funding does Boston Scientific have?

    Boston Scientific has historically raised $2.1B in funding
  5. Where is Boston Scientific's headquarters?

    Boston Scientific's headquarters is in Marlborough Massachusetts, USA
  1. How many employees does Boston Scientific have?

    Boston Scientific has 32,000 employees
  2. What sector does Boston Scientific operate in?

    Boston Scientific is in Health Care Equipment
  3. Who are Boston Scientific's competitors?

    Boston Scientific's top competitors are Abbott, Medtronic, Cook Medical
  4. Who has Boston Scientific invested in?

    Boston Scientific's has invested in companies such as Preventice, Saluda Medical, InterVene