Report
Debbie Wang
EUR 100.00 For Business Accounts Only

Boston Scientific Moves Toward Interventional Oncology with BTG Purchase; No Change to our FVE

At first blush, we think Boston’s impending acquisition of U.K.-based BTG makes strategic sense, though the purchase price isn’t a bargain, from our perspective. We’re leaving our fair value unchanged, after raising some of our estimates for key growth drivers, which were largely offset by the purchase of BTG. Boston’s offer price reflects a 37% premium to where BTG shares had been trading before the announcement. We’ve incorporated more optimistic projections for Watchman, as well as greater ad...
Underlying
BOSTON SCIENTIFIC CORPORATION

Boston Scientific develops, manufactures and markets medical devices. The company's Medical Surgical segment consist of: Endoscopy, which develops and manufactures devices to diagnose and treat a range of gastrointestinal and pulmonary conditions; and Urology and Pelvic Health, which develops and manufactures devices to treat various urological and pelvic conditions. The company's Rhythm and Neuro segment includes: Cardiac Rhythm Management, which develops and manufactures implantable devices to treat cardiac abnormalities; and Electrophysiology, which develops and manufactures medical technologies used in the diagnosis and treatment of rate and rhythm disorders of the heart.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Debbie Wang

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