Terumo to Acquire Bolton Medical
January 19, 2017—Terumo Corporation announced a definitive agreement to acquire Bolton Medical, Inc. from its parent company. Bolton Medical develops, manufactures, and distributes stent graft systems for the endovascular treatment of thoracic and abdominal aortic aneurysms. Bolton Medical is based in Miami, Florida.
According to Terumo, the transaction is expected to close in a few months and will be funded through cash on hand and debt. The closing is subject to antitrust clearance and other customary closing conditions. Terumo's Vascular Graft Division is a division of Cardiac and Vascular Company, Terumo Corporation. The division includes Vascutek Ltd., which became a part of Terumo in 2002.