Home » Spencer plant could be part of Boston Scientific spinoff
Boston Scientific Corp. said today that it is exploring an initial public offering for its Endosurgery group, which focuses on less-invasive surgery.
The group operates an 800-employee manufacturing plant in the southern Indiana community of Spencer.
The spinoff would be majority-owned by the Massachusetts company, and the $1 billion-plus in IPO proceeds would be used to pay off debt.
Boston Scientific bought Indianapolis-based medical device maker Guidant Corp. in 2006.
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