Boston Scientific to buy Nalu Medical for $533M

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CEO @ Medical Funding Professionals, a Registered Investment Advisory Firm - Capital planning for Reg A+, Reg D (506c & 506b), State 504, S-1 for IPO's, VC, Private Equity, Hedge Funds, Family Offices

Boston Scientific said Friday it agreed to buy Nalu Medical, maker of a treatment for chronic peripheral nerve pain, to expand its neuromodulation portfolio. The company, which has been an investor in Nalu since 2017, said it will pay $533 million for the remaining equity that it does not already own. The purchase values Nalu at $600 million in total. Analysts said the transaction continues Boston Scientific’s strategy of expansion through tuck-in deals. “The acquisition fits Boston Scientific’s strategy of bringing in private investments to expand the portfolio,” Citi Research analyst Joanne Wuensch said in a note Friday. https://lnkd.in/gVZhsJv2

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