Boston Scientific Secures Deal to Acquire Bolt Medical
Deal News | Jan 08, 2025 | Longitude Capital Management C
Boston Scientific has announced an agreement to acquire Bolt Medical, a move that highlights the company's strategic approach to broadening its portfolio in the medical technology sector. This acquisition is supported by Longitude Capital Management, a private equity firm known for its investments in healthcare and life sciences. Bolt Medical specializes in innovative medical devices, and this acquisition is expected to enhance Boston Scientific's offerings in this area, providing them with improved capabilities and competitive advantage. The deal reflects Boston Scientific's continuous efforts to grow through strategic acquisitions, fostering innovation and expansion in medical technologies.
Sectors
- Healthcare
- Private Equity
Geography
- United States – The involved companies, Boston Scientific and Bolt Medical, as well as the private equity firm Longitude Capital Management, are based in the US, making this geography relevant.
Industry
- Healthcare – This sector is relevant due to Boston Scientific's focus on medical technologies and Bolt Medical's specialization in innovative medical devices.
- Private Equity – Longitude Capital Management's role as a private equity backer highlights this sector's involvement in funding strategic acquisitions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Boston Scientific | Bidding Company | Company | A global leader in medical technology focused on a variety of devices that improve the health of patients worldwide. |
| Bolt Medical, Inc. | Target Company | Company | A company specializing in innovative medical devices that is the target of acquisition by Boston Scientific. |
| Longitude Capital Management | Private Equity Firm | Company | A private equity firm known for investments in healthcare and life sciences sectors, supporting the acquisition of Bolt Medical. |