Boston Scientific has signed a definitive agreement to acquire US-based cardiac monitors provider Preventice Solutions to expand its rhythm management diagnostics portfolio and capabilities.

Preventice has a complete portfolio of mobile cardiac health solutions and services, ranging from ambulatory cardiac monitors to cardiac event monitors, as well as mobile cardiac telemetry.

As part of the agreement, Preventice Solutions will receive an upfront cash payment of $925m and a potential commercial milestone payment of up to $300m.

Since 2015, Boston Scientific has been an investor in Preventice and holds an equity stake of approximately 22%.

Boston Scientific expects that it will result in a net payment of approximately $720m upon closing and a milestone payment of up to $230m.

The BodyGuardian family of remote, wearable cardiac monitors for adult and paediatric patients are part of Preventice product portfolio.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Boston Scientific Rhythm Management senior vice-president and president Scott Olson said: “This acquisition will provide Boston Scientific with a foothold in the high-growth ambulatory electrocardiography space, which strongly complements our recent entrance into the implantable cardiac monitor market and will serve as an important component of our category leadership strategy in cardiac diagnostics and services – a nearly $2b market anticipated to grow double digits annually.

“We are confident that by adding the broad technology portfolio and expertise of Preventice, our combined teams can continue to deliver rapid growth in these highly attractive markets while also establishing an important adjacency to our core cardiac rhythm management and electrophysiology businesses.”

BodyGuardian MINI PLUS, an addition to remote monitoring system within the Preventice BodyGuardian family, has multiple electrode options intended to enhance rhythm detection.

The device is waterproof, repositionable and can be used in all modalities of short and long-term monitoring based on the physicians’ choice.

The acquisition is subject to customary closing conditions and is expected to take place during the middle of this year.

Last September, Boston Scientific signed an investment agreement with privately held medical device company Farapulse with an exclusive option for acquisition.