Boston Scientific To Pay Up To $375M For Atritech

Law360, New York (January 19, 2011, 1:38 PM EST) -- Boston Scientific Corp. said Wednesday it planned to shell out $100 million up front and up to $275 million in additional payments to acquire medical device maker Atritech Inc., potentially expanding its footprint in the market for less-invasive cardiovascular devices.

Natick, Mass.-based Boston Scientific said the additional payments would be made upon achievement of specified regulatory and revenue-based milestones through 2015, while the upfront payment would be funded with cash on hand.

Boston Scientific said it expected the deal to slash about 1 cent to 2...
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