Boston Scientific announces an agreement to acquire Lumenis LTD. Surgical company From Baring Private Equity Asia

Boston Scientific announces an agreement to acquire Lumenis LTD.  Surgical company From Baring Private Equity Asia

MARLBOROUGH, Mass., March 3, 2021 / PRNewswire / – Boston Scientific (NYSE: BSX) today announced that it has entered into a definitive agreement with a subsidiary of Baring Private Equity Asia (BPEA) to acquire the global surgical business of Lumenis LTD. , a private company that develops and markets energy-based medical solutions, for an upfront cash payment of $ 1.07 billion, subject to closing adjustments. BPEA will retain ownership of Lumenis’ global aesthetics and ophthalmology businesses. With net sales of approximately $ 200 million in 2021, Lumenis’ surgical business includes top-notch laser systems, fibers and accessories used for urology and otolaryngology procedures. The exclusive MOSES ™ technology is the basis of its urology portfolio,…

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