nyse bsx s & p 500 component industry medical equipment founded 1979 headquarters marlborough massachusetts united states key people john abele founder & director peter nicholas founder & chairman michael mahoney president ceo revenue 7.38 billion 2014 1 operating income 299 million 2014 1 net income 267 million 2014 2 total assets 16.83 billion 2014 1 total equity 16.83 billion 2014 1 number of employees 24 000 december 2011 2 website www.bostonscientific.com the boston scientific corporation abbreviated bsc is a worldwide developer manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties including interventional radiology interventional cardiology peripheral interventions neuromodulation neurovascular intervention electrophysiology cardiac surgery vascular surgery endoscopy oncology urology and gynecology . boston scientific is primarily known for the development of the taxus stent a drug eluting stent which is used to open clogged arteries . 3 with the full acquisition of cameron health in june 2012 the company also became notable for offering a minimally invasive implantable cardioverter defibrillator icd which they call the emblem subcutaneous implantable defibrillator s icd . 4 5 boston scientific s main competitors are johnson and johnson medtronic st. jude medical and the abbott vascular division of abbott laboratories . citation needed contents 1 history 2 lawsuits 2.1 johnson & johnson lawsuits 3 restatement 4 notes 5 external links history edit boston scientific was formed june 29 1979 as a holding company for a medical products company called medi tech and to position the company for growth in interventional medicine . 6 the company went public through an ipo on may 19 1992 . 6 the taxus stent was approved in 2003 in europe and other countries and approved in the united states by the fda in march 2004 . it was the second drug eluting stent approved in the united states . 3 on april 21 2006 the company acquired longtime competitor guidant for 27.2 billion . the former guidant was split between bsc and abbott laboratories . 7 8 navilyst medical was formed in february 2008 from boston scientific s fluid management and vascular access business units . 9 in october 2010 the company was fined 600 000 by the us department of justice for paying a us army doctor to use their devices and recommend them to others . 10 companies portal in june 2012 boston scientific officially acquired cameron health for a total sum of 1.3 billion paid out incrementally as various revenue milestones were achieved . 4 in march 2015 the company announced it would acquire endo international plcs urology business for at least 1.6 billion expanding the company s health and prostate treatments . 11 lawsuits edit johnson & johnson lawsuits edit beginning in 2003 boston scientific and johnson & johnson were involved in a series of litigations involving patents covering heart stent medical devices . both parties claimed that the other had infringed upon their patents . the litigation was settled once boston scientific agreed to pay 716 million to johnson & johnson in september 2009 and an additional 1.73 billion in february 2010 . 12 it was announced in november 2014 that johnson & johnson would have another chance for payback after a multibillion dollar trial was set for 20 november 2014 . a new york federal court judge would hear the case without a jury to decide whether boston scientific should be held liable for the contract breach . 13 restatement edit on nov 3 1998 boston scientific restated its financial results for 1997 as well as its quarterly results for the first three quarters of 1998 due to the occurrence of business irregularities in the operations of its japanese subsidiary . 14 notes edit a b c d boston scientific announces results for fourth quarter and full year ended december 31 2014 . a b boston scientific 2011 annual report form 10 k filing date feb 17 2012 pdf . secdatabase.com . retrieved june 12 2012 . a b shelley wood 4 mar 2004 . fda approves taxus paclitaxel eluting stent . www.medscape.com . retrieved 20 feb 2015 . a b boston scientific closes cameron health acquisition . pr newswire . ubm plc. 8 june 2012 . retrieved 26 february 2016 . emblem s icd system . boston scientific . archived from the original on 26 february 2016 . retrieved 26 february 2016 . a b about us history . www.bostonscientific.com en us about us history . retrieved 20 feb 2015 . guidant battle ends in favor of boston scientific . associated press . january 25 2006 . retrieved 2008 02 11 . boston scientific completes combination with guidant . april 21 2006 . retrieved 2008 02 11 . boston scientific s press release on the acquisition . boston scientific spin off aiming to tap veins without causing infections . august 5 2008 . retrieved 2009 02 23 . bernton hal army whistle blower fights to clear name seattle times 14 august 2011 p. 1 . mclaughlin kim march 2 2015 . boston scientific buys endo men s health unit for .6 billion . bloomberg . boston scientific to pay j & j 1.73 b to settle stent patent disputes the wall street journal february 2 2010 j & j seeks over 5 billion in damages from boston scientific at trial . reuters 19 november 2014 boston scientific addresses japan business irregularities . external links edit boston scientific official web site yahoo boston scientific corporation company profile boston scientific stock performance chart from gstock gamble wins big at boston scientific on boston.com coordinates 42 21 37.3 n 71 33 32.6 w 42.360361 n 71.559056 w 42.360361 ; 71.559056 retrieved from https en.wikipedia.org w index.php title boston scientific & oldid 741216471 categories companies listed on the new york stock exchangemanufacturing companies based in massachusettscompanies established in 1979health care companies of the united statesnatick massachusettslife sciences industryimplants medicine medical equipment 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