Boston Scientific to purchase majority stake of M.I.Tech for $230M

Boston Scientific Corporation entered into a definitive agreement to purchase approximately 64% of M.I.Tech Co., Ltd from Synergy Innovation Co., Ltd for KRW 291.2 billion (about $230 million). M.I.Tech manufactures medical devices for endoscopic and urologic procedures.

“Boston Scientific Corporation today announced that it has entered into a definitive agreement with Synergy Innovation Co., Ltd, to purchase its majority stake (approximately 64 percent) of M.I.Tech Co., Ltd”news.bostonscientific.com

• 2 sources
• news.bostonscientific.comBoston Scientific Announces Agreement to Purchase Majority Stake of M.I.Tech Co., Ltd from Synergy Innovation Co., Ltd - Jun 15, 2022Jun 15, 2022
• thehealthcaretechnologyreport.comBoston Scientific Gains Majority Stake in Partner M.I.Tech for $230M –Jul 5, 2022

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