Boston Scientific Corporation Acquires Endo International plc Urology Portfolio For $1.65 Billion

March 3, 2015 9:23 AM

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Medical-device maker Boston Scientific Corporation (NYSE:BSX) has announced to acquire Endo International plc’s (NASDAQ:ENDP) American Medical Systems urology portfolio for up to $1.65 billion, in an effort to expand into men’s prostate and health business.

The accretive purchase deal, which is expected to close in the third quarter of this year, will also include almost $50 million of additional milestone payments to be made by Boston Scientific if sales targets of 2016 are achieved as desired. The company is going to finance the acquisition via its c...

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