M&A
confidence high
sentiment positive
materiality 0.80
Boston Scientific to acquire Axonics for $3.7B, expanding urology portfolio into sacral neuromodulation
BOSTON SCIENTIFIC CORP
- Purchase price of $71 per share cash; equity value ~$3.7B, enterprise value ~$3.4B.
- Axonics 2023 revenue ~$366M (+34% YoY); deal expected to close H1 2024.
- Axonics offers SNM therapy for overactive bladder and fecal incontinence with Axonics R20 neurostimulator (20+ year battery).
- Deal expected to be immaterial to BSX adjusted EPS in 2024, accretive thereafter.
- Expands BSX urology portfolio into high-growth SNM adjacency, targeting ~30M OAB patients in US.