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Boston Scientific to buy Penumbra in $14.5 billion deal

The $14.5 billion deal, valued at $374 per Penumbra share, aims to expand Boston Scientific's cardiovascular and neurovascular treatment offerings, addressing rising vascular disease rates.

  • On Jan. 15, 2026, Boston Scientific announced it will acquire Penumbra in a $14.5 billion deal valuing Penumbra at $374 per share, said Mike Mahoney.
  • To expand its cardiovascular portfolio, Boston Scientific will add Penumbra's comprehensive devices treating stroke, pulmonary embolism, and mechanical thrombectomy products like Lightning Bolt and Lightning Flash CAVT systems.
  • Boston Scientific plans to finance the $14.5 billion cash portion with cash on hand and new debt, with Penumbra stockholders able to elect $374 or 3.8721 shares, and about 73% paid in cash.
  • Completion requires Penumbra stockholder approval and customary conditions, with the transaction expected to be $0.06-0.08 dilutive to adjusted EPS in year one and closing in 2026.
  • Boston Scientific said the deal could broaden patient access as Penumbra expects fourth quarter growth of 21.4%- 22.0% and full year 2025 revenue near $1.4 billion, with CEO Adam Elsesser highlighting "decades-long development".
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medtechdive.com broke the news in on Thursday, January 15, 2026.
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