Boston Scientific to acquire Endo's Medical device business
March 02, 2015 | Monday | News | By BioSpectrum Bureau
Boston Scientific to acquire Endo's Medical device business
Endo Pharmaceuticals has put its AMS business unit for sale in August 2014
According to reports, Boston Scientific is reportedly close to acquiring the AMS (American Medical Systems) medical device business of Endo Pharmaceuticals for around $2 billion
Endo International acquired AMS for $2.9 billion in 2011. Three years after the acquisition it put up AMS for sale at a discount to its acquisition price in August 2014.
Reportedly, Endo plans to divest its AMS unit so that it can focus on its core market-leading products, which primarily include pharmaceuticals. Pharmaceuticals comprises of over 80 percent of the total revenue generated by Endo.
 
