Boston Scientific buys men's health business of AMS for $1.65B

March 2, 2015 3:38 PM

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Boston Scientific buys men's health business of AMS for $1.65B

It didn't take long after Boston Scientific freed up a pile of cash by settling its litigation with Johnson & Johnson for the company to put that money to use.

Today Boston Scientific Corp. (NYSE: BSX) announced it will buy the men's health business of Minnetonka, Minn.-based American Medical Systems (owned by Endo International (Nasdaq: ENDP)) for $1.6 billion plus up to $50 million in milestones. AMS is an 800 employee, $400 million company that sells de...

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