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Examples
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He pushed Boston Scientifically to integrate its defibrillator-making Guidant business—acquired in a $27 billion splurge in 2006 that has since led to multiple write-downs amid diminished market expectations—and to combine all heart devices in one business that can pursue cross-selling opportunities.
CEO at Boston Scientific to Retire in Surprise Exit Jon Kamp 2011
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Boston Scientific faces big challenges, including digesting the costly Guidant acquisition, the slowing use of many medical devices amid the economic downturn and government austerity measures, and questions about the marketing of implantable defibrillators.
Boston Scientific Hires CEO Anjali Athavaley 2011
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Guidant issued a recall on the devices in June 2005.
US Judge Accepts Government-Guidant Plea Deal Brent Kendall 2011
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The Natick, Mass., medical-device maker hasn't repurchased stock since 2005, the year before it racked up debt buying defibrillator-maker Guidant Corp. for $27 billion.
Boston Scientific Net Jumps 49% Jon Kamp 2011
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"When Guidant withheld important information, patient safety was jeopardized," Assistant U.S.
US Judge Accepts Government-Guidant Plea Deal Brent Kendall 2011
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"We continue to believe that Guidant and its employees acted in good faith and with the intention of complying with applicable laws and regulations," the company said.
US Judge Accepts Government-Guidant Plea Deal Brent Kendall 2011
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Guidant pleaded guilty to two criminal misdemeanor violations.
US Judge Accepts Government-Guidant Plea Deal Brent Kendall 2011
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Boston Scientific noted that the case involved conduct that began before it bought Guidant and also centered on medical products that are no longer for sale.
US Judge Accepts Government-Guidant Plea Deal Brent Kendall 2011
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Wednesday's sentencing stemmed from the department's allegations that Guidant concealed information from the Food and Drug Administration regarding catastrophic failures in some implantable defibrillators.
US Judge Accepts Government-Guidant Plea Deal Brent Kendall 2011
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WASHINGTON — A federal judge Wednesday accepted the Justice Department's proposed $296 million agreement with Boston Scientific Corp.'s Guidant subsidiary over allegations that the medical-device maker failed to report major safety problems with some of its defibrillators.
US Judge Accepts Government-Guidant Plea Deal Brent Kendall 2011
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