Boston Scientific Buys Calif. Firm
Natick-based Boston Scientific will acquire Cameron Health Inc. of San Clemente, Calif., which makes and distributes implantable defibrillators.
Cameron Health, which is privately held, has developed the world's first and only commercially available implantable cardioverter defibrillator that goes under the skin: the S-ICD System. Unlike conventional implantable cardioverter defibrillators, or ICDs, which require thin, insulated wires to pass through a patient's blood vessels and into the heart, the S-ICD system sits just below the skin and and does not require leads into the patient's heart, according to Boston Scientific.
The deal could be worth as much as $1.35 billion. Boston Scientific is paying $150 million upfront, an additional $150 million after the S-ICD wins approval from the U.S. Food and Drug Administration (FDA), and up to an additional $1.05 billion upon achievement of specific revenue-based goals over a six-year period after FDA approval, the company said.
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