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Boston Scientific Shuffles and Sells in Bid to Right Ship

Boston Scientific, in a bid to raise capital and focus its efforts, is selling off lower priority businesses as well as its stakes in nearly 100 private and public companies.

A year ago, Boston Scientific Corp. president and CEO Jim Tobin was outlining his steps to fix its newly acquired prize, Guidant, which he said had been languishing with operational and quality control problems, particularly in its much-prized ICD business. [See Deal] (See "How to Fix a Guidant: Boston Scientific's Tobin Opens Playbook," IN VIVO, December 2006 Also see "How To Fix A Guidant: Boston Scientific's Tobin Opens Playbook" - In Vivo, 1 December, 2006.)

While those clean-up activities are still underway, Boston Scientific management has spent the last few months looking within to find...

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