Boston Scientific Announces Strategic Investment To Acquire Majority Stake Of Acotec Scientific Holdings Limited
Acquiring Company
Boston Scientific
Acquired Company
Acotec Scientific Holdings Limited
Marlborough
BeijingManufacturingBiotechnologyHealth CareMedicalMedical DeviceBiotechnologyHealth CareMedicalMedical DeviceDescription
Boston Scientific Corporation (NYSE: BSX) and Acotec Scientific Holdings Limited ("Acotec" and 6669.HK) announced today that Boston Scientific will make a partial offer to acquire a majority stake, up to a maximum of 65%, of shares of Acotec, a Chinese medical technology company that offers solutions designed for a variety of interventional procedures. The proposed price is HK$20 per share, which represents a total upfront cash payment consideration of approximately US$523 million for the 65% stake at current exchange rates.
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Who acquired Acotec Scientific Holdings Limited?
Acotec Scientific Holdings Limited was acquired by Boston Scientific, based in Marlborough. The deal was reported on December 11, 2022. Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. Boston Scientific is publicly traded (BSX) and operates in Manufacturing.
When did Boston Scientific acquire Acotec Scientific Holdings Limited?
Boston Scientific's acquisition of Acotec Scientific Holdings Limited was reported on December 11, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Acotec Scientific Holdings Limited do?
Acotec Scientific Holdings Limited is a medical technology company listed in Hong Kong that develops and commercialises interventional medical devices. It is privately held, operating in Biotechnology, and is based in Beijing.
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