Cleveland-based Securus Medical Group Inc., a medical device company, has been acquired by Boston Scientific Corp.
Boston Scientific paid $40 million in cash and up to $10 million in contingent payments for Securus, according to a Boston Scientific press release. Boston Scientific has been an investor in Securus since 2016, according to a Boston Scientific news release. Boston Scientific develops and manufactures medical devices.
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Story excerpt provided by The Plain Dealer, and see related article in Crain’s Cleveland Business.
Written by Julie Washington.
Originally published April 4, 2018.