About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

Contact Cabling Installation & Maintenance

Editorial

Patrick McLaughlin

Serena Aburahma

Advertising and Sponsorship Sales

Peter Fretty - Vice President, Market Leader

Tim Carli - Business Development Manager

Brayden Hudspeth - Sales Development Representative

Subscriptions and Memberships

Subscribe to our newsletters and manage your subscriptions

Feedback/Problems

Send a message to our general in-box

 

Boston Scientific to Acquire Silk Road Medical in $1.16 billion USD Merger and Acquisition (M&A) Deal

Boston Scientific to Acquire Silk Road Medical in $1.16 billion USD Merger and Acquisition (M&A) Deal
InsideArbitrage
Boston Scientific Corporation to acquire Silk Road Medical, Inc. for $1.16 billion in cash, offering $44.00 per share. The deal, representing a 30% premium over Silk Road Medical's last closing price, is set to close by Q4 2024 pending regulatory approvals. This strategic acquisition aims to enhance Boston Scientific's neurovascular portfolio by integrating Silk Road Medical's innovative TCAR system, a minimally invasive stroke prevention technology.

Boston Scientific Corporation (NYSE: BSX), a global leader in medical device technology, announced to acquire Silk Road Medical, Inc. (NASDAQ: SILK) in a definitive agreement valued at approximately $1.16 billion in cash. This strategic acquisition is set to enhance Boston Scientific's vascular intervention portfolio, particularly in stroke prevention and treatment.

Acquisition Details

Under the terms of the agreement, Boston Scientific will acquire all outstanding shares of Silk Road Medical at a purchase price of $44.00 per share in cash, representing a 30% premium over Silk Road Medical’s closing price on June 18, 2024. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by the end of Q3 2024, pending regulatory approvals and other customary closing conditions.

Boston Scientific Acquires Silk Road Medical for $1.16 Billion in Cash

Strategic Vision

Silk Road Medical, headquartered in Sunnyvale, California, is renowned for its innovative TransCarotid Artery Revascularization (TCAR) system, a minimally invasive procedure designed to reduce the risk of stroke. This acquisition aligns with Boston Scientific’s strategy to expand its presence in the neurovascular space and to enhance its portfolio with advanced, minimally invasive technologies that improve patient outcomes.

Mike Mahoney, Chairman and CEO of Boston Scientific, stated, “We are excited to welcome Silk Road Medical to the Boston Scientific family. Their pioneering TCAR system represents a significant advancement in stroke prevention, and we are committed to leveraging our global reach and expertise to bring this life-saving technology to more patients worldwide.”

Benefits and Synergies

The acquisition is expected to create significant synergies, combining Silk Road Medical’s innovative stroke prevention technology with Boston Scientific’s extensive distribution network and operational capabilities. This merger will enable accelerated development and broader adoption of the TCAR system, positioning Boston Scientific as a leader in the neurovascular market.

Silk Road Medical’s CEO, Erica Rogers, expressed enthusiasm about the acquisition, saying, “Joining forces with Boston Scientific marks an exciting new chapter for Silk Road Medical. We share a common vision of advancing minimally invasive solutions that enhance patient care. With Boston Scientific’s support, we are poised to expand the reach of our TCAR technology and make a greater impact on stroke prevention globally.”

Market Reactions:

The announcement has been well-received by the market, with Silk Road Medical’s stock surging by 28% in early trading. Analysts have praised the strategic fit, highlighting the potential for accelerated growth and innovation in the neurovascular sector.

“This acquisition is a win-win for both companies,” remarked Alex Peters, a senior healthcare analyst at MedTech Insights. “Boston Scientific gains a cutting-edge technology that complements its existing portfolio, while Silk Road Medical benefits from the resources and scale of a global medical device leader.”

Future Outlook:

Both companies are focused on ensuring a seamless integration process to maintain continuity for employees, customers, and partners. Silk Road Medical will continue to operate under its brand name, leveraging Boston Scientific’s resources to enhance its research, development, and market expansion efforts.

The acquisition of Silk Road Medical by Boston Scientific represents a significant milestone in the advancement of stroke prevention technologies. By combining their strengths, the companies aim to deliver innovative solutions that improve patient outcomes and drive growth in the neurovascular market.

Deal Metrics:

For more in-depth information regarding this merger and acquisition, please visit the Deal Metrics page here:

https://www.insidearbitrage.com/deal-metrics/SILK/2993/silk-road-medical-inc-to-be-acquired-by-boston-scientific-corporation/

Each Deal Metrics page for mergers or acquisitions includes:

  • A spread history chart tracing the merger from its announcement through completion or failure.
  • A timeline of events, including the HSR period expiration, regulatory approvals, shareholder votes, etc.
  • A collection of news and SEC filings related to the deal.
  • A history of deal updates.
  • And much more.


About Boston Scientific

Boston Scientific is a leading global medical technology company dedicated to transforming lives through innovative medical solutions that improve the health of patients around the world. The company’s products and technologies are used to diagnose and treat a wide range of medical conditions, including heart, digestive, pulmonary, vascular, and urological diseases.

About Silk Road Medical

Silk Road Medical, Inc. is a medical device company focused on reducing the risk of stroke and its devastating impact. The company’s flagship TCAR system is a novel, minimally invasive approach for the treatment of carotid artery disease, designed to deliver better patient outcomes and improved procedural efficiency.

About InsideArbitrage:

InsideArbitrage is a leading platform for investment insights and education, offering curated reading lists, analysis, and premium tools for investors seeking to enhance their knowledge of special situations investing that includes the strategies of merger arbitrage, legal insider transactions, spinoffs, management transitions, stock buybacks and SPACs.

Inside Arbitrage provides access to six different event-driven strategies to expand your investing toolbox, special situations focused tools, qualitative writeups of ideas through weekly articles, and a comprehensive monthly newsletter.

Disclaimer: This press release includes forward-looking statements within the meaning of applicable securities laws. Forward-looking statements can generally be identified by the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," or similar expressions. These statements are based on the current expectations and beliefs of Boston Scientific Corporation (BSX) and Silk Road Medical, Inc. (SILK) management and are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from those described in the forward-looking statements.

This content does not constitute financial advice, investment advice, or any other kind of advice, and should not be relied upon as such. Readers are encouraged to conduct their own research and seek professional guidance before making any investment decisions. The completion of the transaction is subject to various conditions, including shareholder and regulatory approvals, and there can be no assurances that the transaction will be completed as described. Neither the author nor the publishing platform assumes any responsibility or liability for any errors or omissions in the content of this press release.

Media Contact
Company Name: InsideArbitrage
Contact Person: Asif Suria
Email: Send Email
Phone: +1 (541) 221-2902
Country: United States
Website: www.insidearbitrage.com


Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.