# Boston Scientific to acquire additional stake in M.I.TECH from Synergy Innovation

Boston Scientific agreed to acquire an additional stake in M.I.TECH Co., Ltd. from Synergy Innovation Co., Ltd. for KRW 46.1 billion on May 16, 2023.

- Type: Acquisition
- Announced: 2023-05-16
- Where: South Korea
- Value: $230.0M (46.1B KRW)
- Status: announced
- Products: medical devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Boston Scientific](https://endata.com/companies/15966.md) (acquirer)
- [M.I.Tech](https://endata.com/companies/63478.md) (target)
- [Synergy Innovation](https://endata.com/companies/63479.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/M-I-TECH-CO-LTD-120975274/news/Boston-Scientific-Corporation-agreed-to-acquire-an-additional-stake-in-M-I-TECH-Co-Ltd-from-Synergy-44136653/), 2023-05-16: "Boston Scientific Corporation agreed to acquire an additional stake in M.I.TECH Co.,Ltd from Synergy Innovation Co., Ltd. for KRW 46.1 billion."
- [fiercebiotech.com](https://www.fiercebiotech.com/medtech/boston-scientific-nixes-230m-acquisition-stentmaker-mitech-citing-regulatory-roadblocks), 2023-05-25: "While we are disappointed that we will not complete this purchase as initially constructed, we are committed to investing in innovative, patient-centric technologies that solve unmet clinical needs and to continuing to grow our relationship with M.I.Tech."

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