Boston Scientific Corp.'s acquisition of Asthmatx Inc. was the source of many happy returns, three to be exact. [See Deal] The deal marks Boston Scientific's return to the field of strategic buyers, and in picking asthma-device company Asthmatx, BSX returns to a company, the equity stake of which it sold off two years ago. Finally, venture capitalists were happy to see a different kind of return; payback for investing in the interventional pulmonology space.
The acquisition, which still needs shareholder approval, marks the first significant acquisition by the beleaguered device giant in five years...