Boston Scientific Closes Acquisition of Relievant Medsystems, Inc.
- The acquisition of Relievant Medsystems Inc. expands Boston Scientific's chronic pain portfolio, offering a broad selection of evidence-based treatment options for patients living with vertebrogenic pain. The Intracept system has the potential to help more people living with chronic pain, differentiating Boston Scientific's position in advanced interventional chronic pain.
- The transaction is expected to be more dilutive on a GAAP basis due to amortization expense and acquisition-related charges.
Recent healthcare plan coverage of Intracept® system expands access to vertebrogenic pain treatment for tens of millions of patients
Relievant recently secured national coverage from Anthem Blue Cross Blue Shield and Humana that are both effective now, expanding access to the Intracept system. These national payers join Cigna Healthcare and local Medicare1 plans enabling more access to treatments for people living with vertebrogenic pain. These policies expand access to more than 150 million lives.
"The revolutionary therapy from Relievant has tremendous potential to help even more people living with chronic pain," said Jim Cassidy, president, Neuromodulation, Boston Scientific. "The completion of this acquisition further differentiates our position in advanced interventional chronic pain, offering physicians the broadest selection of evidence-based treatment options that address multiple pain targets and change patients' lives."
The acquisition includes an upfront cash payment of
About Boston Scientific
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, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare. For more information, visit www.bostonscientific.com and connect on Twitter and Facebook.
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1 Data on file. Local Medicare coverage includes Blue Cross Blue Shield Michigan and Palmetto GBA is a Medicare Administrative Contractor covering Medicare patients in
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SOURCE Boston Scientific Corporation
FAQ
What is the FDA-cleared therapy offered by Relievant Medsystems Inc.?
What are the financial details of the acquisition?
How does the acquisition expand access to vertebrogenic pain treatment?
What is the potential impact of the acquisition on Boston Scientific's position in the market?
