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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Boston Scientific Corporation
Type
Public
Traded as NYSE: BSX
S&P 500 Component
Industry Medical device
Founded 1979
Founders John Abele, Founder & Director Emeritus
Peter Nicholas, Founder & Director Emeritus
Headquarters Marlborough, Massachusetts, United States
Key people
Michael Mahoney, President, Chairman and CEO
Daniel Brennan, CFO
Revenue Increase $ 8.386 billion (2016)
Operating income
Increase $ (447 million) (2016)}}
Net income
Increase $ (142 million) (2016)}}
Number of employees
27,000 (December 2016)}}
Website www.bostonscientific.com

Boston Scientific Corporation (Boston Scientific) is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology.

Boston Scientific is primarily known for the development of the Taxus Stent, a drug-eluting stent which is used to open clogged arteries. With the full acquisition of Cameron Health in June 2012, the company also became notable for offering a minimally invasive implantable cardioverter-defibrillator (ICD) which they call the EMBLEM Subcutaneous Implantable Defibrillator (S-ICD).


Boston Scientific was formed June 29, 1979 as a holding company for a medical products company called Medi-Tech, and to position the company for growth in interventional medicine.

The company went public through an IPO on May 19, 1992.

The Taxus Stent was approved in 2003 in Europe and other countries and approved in the United States by the FDA in March 2004. It was the second drug-eluting stent approved in the United States.

On April 21, 2006, the company acquired longtime competitor Guidant for $27.2 billion. The former Guidant was split between BSC and Abbott Laboratories.

Navilyst Medical was formed in February 2008 from Boston Scientific's Fluid Management and Vascular Access business units.

In October 2010, the company was fined $600,000 by the US Department of Justice for paying a US Army doctor to use their devices and recommend them to others.

In June 2012, Boston Scientific officially acquired Cameron Health for a total sum of $1.3 billion, paid out incrementally as various revenue milestones were achieved.

In March 2015, the company announced it would acquire Endo International Plc's urology business for at least $1.6 billion, expanding the company's health and prostate treatments.

Beginning in 2003, Boston Scientific and Johnson & Johnson were involved in a series of litigations involving patents covering heart stent medical devices. Both parties claimed that the other had infringed upon their patents. The litigation was settled once Boston Scientific agreed to pay $716 million to Johnson & Johnson in September 2009 and an additional $1.73 billion in February 2010.

It was announced in November 2014 that Johnson & Johnson would have another chance for payback after a multibillion dollar trial was set for 20 November 2014. A New York federal court judge would hear the case without a jury to decide whether Boston Scientific should be held liable for the contract breach.

On Nov 3,1998, Boston Scientific restated its financial results for 1997, as well as its quarterly results for the first three quarters of 1998, due to the occurrence of business irregularities in the operations of its Japanese subsidiary.

Profits rose to €887 million in 2015 in the Irish-based plant. In 2014 the profits were €766.65 million. Profits increased by 13.57% in one year.

Coordinates: 42°21′37.3″N 71°33′32.6″W / 42.360361°N 71.559056°W / 42.360361; -71.559056

Investment goal date:
Dividends reinvested
Boston Scientific Corporation BSX report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-27
--
--
Q4 2017
2018-01-31
--
--
Q3 2017
2017-10-26
0.3100
0.2000
Q2 2017
2017-07-27
0.3200
0.1100
Q1 2017
2017-04-27
0.2900
0.2100
Q4 2016
2017-02-02
0.3000
0.0900
Q3 2016
2016-10-26
0.2700
0.1700
Q2 2016
2016-07-28
0.2700
-0.1500
Q1 2016
2016-04-27
0.2800
0.1500
Q4 2015
2016-02-04
0.2600
-0.1100
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Artisan Partners Limited Partnership
42472120
Bank of New York Mellon Corp
19305236
BlackRock Fund Advisors
22147488
BlackRock Inc.
95744545
BlackRock Institutional Trust Company, N.A.
37879324
Capital World Investors
100302848
FMR LLC
184708390
JANUS CAPITAL MANAGEMENT LLC
36071996
JPMORGAN CHASE & CO
51319364
ORBIMED ADVISORS LLC
15311400
PRIMECAP MANAGEMENT CO/CA/
41755967
Standard Life Investments LTD
18843808
STATE STREET CORP
57608116
Vanguard Group, Inc
91134744
WELLINGTON MANAGEMENT CO LLP
67989510
Major Shareholders
Name Relationship
Total Shares
Holding stocks
ABELE JOHN E
0.0400% (500000)
BSX /
NICHOLAS PETER M
0.2600% (3486965)
BSX /
MARIO ERNEST
0.0100% (86032)
BYRNES BRUCE L
0.0100% (112097)
BSX / CBB / DBD /
REINHARDT UWE E
0.0100% (159379)
BSX / HQH / HQL /
Pucel Kenneth
0.0100% (128517)
BSX / PII /
Pratt Timothy A.
0.0100% (164681)
BSX /
Pratt Timothy A.
0.0100% (174681)
BSX /
Onuscheck John Michael
0.0100% (116025)
BSX /
Lance Jean Fitterer
0.0100% (117174)
BSX /
Phalen Michael P.
0.0100% (102666)
BSX /
Fitzgerald Joseph Michael
0.0100% (159970)
BSX /
Dawkins Keith D
0.0100% (68165)
BSX /
Nanavaty Maulik
0.0200% (208233)
BSX /
Mahoney Michael F
0.1400% (1853140)
BAX / BSX /
Bose Supratim
0.0200% (320301)
BSX / CFN /
Carruthers Wendy
0.0100% (111253)
BSX /
Mirviss Jeffrey B.
0.0100% (78675)
BSX /
Brennan Daniel J.
0.0200% (214960)
BSX /
% ()