Boston Scientific (NYSE:BSX) announced that it had bought Bayer's (NASDAQOTH:BAYRY) interventional division for $415 million last Thursday. The division, which makes products that help treat blood flow issues, makes sense as a bolt-on to Boston Scientific's peripheral interventional division. As the Minneapolis Star Tribune reports, this will give Boston roughly 40% share in the thrombectomy market when the deal closes in the second half of 2014. But why did Bayer make the sale?
In this video, from Market Checkup, the Motley Fool's health care-focused investing show, health care analysts Michael Douglass and David Williamson talk about the acquisition, what motivated it for Boston and Bayer, and what investors should look for moving forward.
David Williamson has no position in any stocks mentioned. Michael Douglass has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.