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Boston Scientific's Drive To Add To Core Strength Continues With BTG Buy

 
• By Ashley Yeo

When Boston Scientific chief medical officer Ian Meredith spoke in mid-2018 of the group's appetite for core M&A, there was a sense that more strategic moves were likely before the year was out. The inference was right, and a busy year for Boston Scientific got much busier when it made a cash offer for UK interventional medicine specialist BTG PLC. The bid values the target company at $4.28 billion, and completion is expected by mid-2019.

If the news that UK interventional medicine specialist BTG PLC, strong, independent and fiercely committed to immovable quality standards in terms of its own M&A programs, is to be acquired was unexpected by many, the identity of the buyer was less of a surprise: Boston Scientific Corp. proved on Nov. 20 that its appetite for major M&A in 2018 is not yet exhausted when it made a bid for BTG, valuing the company at £3.3 billion ($4.28 billion).

In Vivo has tracked BTG of late, charting its ability to precision-target commercial entities that fit its interventional oncology and...

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