Home » Spencer plant could be part of Boston Scientific spinoff

Spencer plant could be part of Boston Scientific spinoff

| IBJ Staff

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.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.