Tech Company M&A Transactions
Advanced Bionics Acquisition
Based in Sylmar, Advanced Bionics was acquired by Boston Scientific. Boston Scientific said the transaction price was $740 million.
Transaction Overview
Company Name
Acquired By
Announced On
6/1/2004
Transaction Type
M&A
Amount
$740,000,000
M&A Terms
Boston Scientific will acquire 100 percent of the fully diluted equity of Advanced Bionics for an initial payment of approximately $740 million in cash, plus earn out payments tied to future performance milestones.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
12740 San Fernando Rd.
Sylmar, CA 91342
USA
Sylmar, CA 91342
USA
Phone
Website
Email Address
Not Recorded
Overview
The Company is the industry's technology leader and the only American manufacturer of cochlear implants. Advanced Bionics has invested more than $100 million during the last five years to develop less-invasive neuromodulation technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeff Greiner
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