Boston Scientific may sell two units

August 16, 2007 05:37 PM E-mail| |Comments ()| Text size +

Medical device maker Boston Scientific Corp. today said it may sell its cardiac surgery and vascular surgery units as part of an overall plan to shed nonstrategic assets.

Boston Scientific, of Natick, bought the cardiac surgery unit in April 2006 as part of its $27 billion buyout of Guidant Corp.

Headquartered in San Jose, Calif., with a manufacturing facility in Dorado, Puerto Rico, the segment has about 450 employees and generated revenue of $189 million in 2006.

The company bought the vascular surgery business in 1995 as part of its Meadox Medicals acquisition. That unit has 250 employees, mainly at its manufacturing site in Wayne, N.J., and had revenue of $86 million in 2006.

The company said it is in talks with several potential buyers.

Boston Scientific shares fell 17 cents to close at $12.74.
(AP)

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