# Boston Scientific to acquire majority stake in Acotec Scientific for $523M

Boston Scientific announced a partial offer to acquire up to 65% of Acotec Scientific Holdings Limited, a Chinese medical technology company, for approximately US$523 million. Acotec specializes in drug-coated balloons and other interventional products. The transaction is expected to close in the first half of 2023.

- Type: Acquisition
- Announced: 2022-12-11
- Where: China
- Value: $523.0M
- Status: announced
- Products: drug-coated balloons, radiofrequency ablation technologies, thrombus aspiration catheters
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Boston Scientific](https://endata.com/companies/15966.md) (acquirer)
- [Acotec Scientific Holdings](https://endata.com/companies/67251.md) (target)

## Sources

- [news.bostonscientific.com](https://news.bostonscientific.com/2022-12-11-Boston-Scientific-Announces-Strategic-Investment-to-Acquire-Majority-Stake-of-Acotec-Scientific-Holdings-Limited), 2022-12-11: "Boston Scientific will make a partial offer to acquire a majority stake, up to a maximum of 65%, of shares of Acotec."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.