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Minute Insight: Boston Scientific To Acquire Chinese Device Company Acotec For $523M

 
• By Marion Webb

Boston Scientific announced it will buy medical device company Acotec in an effort to further strengthen its presence in the Chinese market. 

Minute Insight
• Source: Informa/Alamy

Boston Scientific Corporation announced on 11 December it would make a partial offer to acquire a majority stake, up to maximum of 65% of shares, in Chinese medical device firm Acotec Scientific Co., Ltd.

Acotec makes devices used in various interventional procedures, including drug-coated balloons (DCBs) used to treat vascular and other diseases, according to Boston Scientific. The company launched the first peripheral DCBs in China in 2016

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