Medical technology provider Boston Scientific announced on Wednesday that it has entered into a definitive agreement with an affiliate of Baring Private Equity Asia (BPEA) to acquire the global surgical business of Israel’s Lumenis Ltd., a privately held company that develops and commercializes energy-based medical solutions, for an upfront cash payment of $1.07 billion, subject to closing adjustments.
BPEA will retain ownership of the Lumenis global aesthetics and ophthalmology businesses.
“The MOSES laser technology, paired with our LithoVue Single-Use Digital Flexible Ureteroscope and comprehensive kidney stone management portfolio, will enable execution of our strategy for our stone franchise,” said Meghan Scanlon, Boston Scientific senior vice president and president, Urology and Pelvic Health.
This article first appeared in Israel Hayom.