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Boston Scientific acquires privately held medical device maker

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Boston Scientific acquires privately held medical device maker

Boston Scientific Corp. acquired Apama Medical Inc. from private equity firm Shifamed LLC.

The company paid $175 million in upfront cash for the privately held medical device maker. Boston Scientific will pay up to an additional $125 million once certain milestones are met.

The acquisition gives Boston Scientific access to Apama's radiofrequency balloon catheter system.