M&A
confidence high
sentiment positive
materiality 0.85
Boston Scientific completes $3.7B acquisition of Axonics; enters sacral neuromodulation market
BOSTON SCIENTIFIC CORP
- Purchase price $71/share, equity value $3.7B, enterprise value $3.3B net of cash.
- Deal expected to be immaterial to adjusted EPS in 2024-2025, accretive thereafter.
- Adds Axonics' sacral neuromodulation portfolio for urinary/bowel dysfunction to Urology unit.
- GAAP basis less accretive due to amortization and acquisition-related charges.