Boston Scientific Corp. acquired Preventice Solutions Inc., a privately held company that offers a full portfolio of mobile cardiac health solutions and services ranging from ambulatory cardiac monitors — including short- and long-term Holter monitors — to cardiac event monitors and mobile cardiac telemetry. Faegre Drinker advised Boston Scientific in the transaction, which consisted of an upfront cash payment of $925 million, and up to an additional $300 million in a potential commercial milestone payment.
The firm provided multidisciplinary counsel for the matter, with support from professionals in the corporate, labor and employment, health care, FDA-regulated products, privacy, cybersecurity and data strategy, intellectual property, benefits and executive compensation, tax, litigation, M&A insurance and real estate practice groups.
Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for more than 40 years, the company advances science for life by providing a broad range of high-performance solutions that address unmet patient needs and reduce the cost of health care.