Ascension Health is set to exit medical device maker Apama Medical, which has agreed to an acquisition by Boston Scientific for up to $300m.
Apama Health, a US-based catheter developer backed by healthcare provider Ascension Health, agreed to an acquisition by medical device manufacturer Boston Scientific on Monday for up to $300m.
Boston Scientific will pay $175m in cash for Apama upfront, with the remaining $125m dependent on clinical and regulatory milestones that would be reached between 2018 and 2020. The transaction is expected to close during the fourth quarter of 2017.
Founded in 2009, Apama has been developing a radiofrequency balloon catheter system…
