A maker of medical devices for less-invasive procedures, Boston Scientific builds tools like the WATCHMAN heart implant, the FARAPULSE system for treating irregular heartbeats, and devices for endoscopy, urology, and pain management, sold in more than a hundred countries. Founded in 1979 by John Abele and Pete Nicholas, the company began as a holding company for a steerable-catheter maker and took its name from its Massachusetts roots plus the founders' commitment to scientific rigor. The two founders reportedly met while watching their children play soccer.
Boston Scientific approves 2026 Restructuring Plan with $700M-$800M pre-tax charges
The plan targets supply chain optimization, functional transformation, and organizational changes, with activities expected to be substantially completed by end of 2029.
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On July 21, 2026, Boston Scientific's Board approved a new global restructuring program (the '2026 Restructuring Plan').
Total estimated pre-tax charges are approximately $700 million to $800 million, with $600 million to $700 million expected to be cash outlays.
The company expects gross annual pre-tax expense reductions of approximately $500 million, with a substantial portion reinvested in growth initiatives.
Estimated charges include $300-$350 million in transfer costs, $275-$300 million in termination benefits, and $125-$150 million in other costs.
2.05 Costs Associated with Exit or Disposal Activities
Boston Scientific invests $1.5B for 33.75% stake in MiRus and option to acquire TAVR business for $3B
On May 15, 2026, Boston Scientific paid $1.5 billion (plus a prior $100 million) for non-voting common equity representing 33.75% of MiRus LLC's fully diluted equity.
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Boston Scientific received an exclusive Call Option to acquire TAVR-Structural Heart NewCo, a subsidiary holding MiRus's TAVR assets, for additional cash payments totaling $3.0 billion upon achieving clinical and regulatory milestones.
If the Call Option is exercised, MiRus may receive additional payments based on net sales of the TAVR system, and Boston Scientific gets an exclusive option to acquire mitral and tricuspid replacement valve assets.
If Boston Scientific fails to make payments or exercise the option, its equity interest in MiRus may be forfeited, reduced by ~75%, or exchanged for an interest in TAVR-Structural Heart NewCo.
The investment is expected to be immaterial to Boston Scientific's 2026 adjusted earnings per share.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Boston Scientific enters $2 billion accelerated share repurchase agreement with JPMorgan
On May 18, 2026, Boston Scientific announced an ASR agreement with JPMorgan Chase Bank for $2 billion of its common stock.
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The ASR is part of a previously announced $5 billion share repurchase authorization, leaving $3 billion available after completion.
Boston Scientific will initially receive approximately 30.4 million shares, based on 80% of the repurchase price at the May 15, 2026 closing price of $52.68.
Final settlement is expected by June 30, 2026, with the total shares determined by volume-weighted average price during the term.
The company expects the ASR to be $0.02 accretive to full-year 2026 adjusted earnings per share.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Boston Scientific shareholders approve charter amendments and elect 10 directors at 2026 annual meeting
At the April 30, 2026 annual meeting, shareholders approved amendments to the Third Restated Certificate of Incorporation to eliminate supermajority voting provisions and provide officer exculpation, effective upon filing the Fourth Restated Certificate of Incorporation on May 5, 2026.
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All 10 director nominees were elected for one-year terms, with votes ranging from 1,037,805,652 for David C. Habiger to 1,205,365,637 for Christophe P. Weber.
Shareholders approved, on an advisory basis, the compensation of Named Executive Officers (1,096,889,576 for, 110,645,813 against).
Shareholders ratified Ernst & Young LLP as independent auditor for fiscal 2026 (1,169,955,769 for, 116,874,243 against).
Shareholders approved amendments to the Employee Stock Purchase Plan to increase shares reserved (1,205,130,032 for) and approved both charter amendments (supermajority removal: 1,189,271,431 for; officer exculpation: 1,057,086,923 for), but did not approve a special meeting proposal (516,140,863 for, 689,739,605 against).
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Earnings8-K
Boston Scientific Q1 2026 net sales $5.203B, up 11.6% reported; GAAP EPS $0.90, adjusted EPS $0.80.
GAAP net income attributable to common stockholders was $1.341 billion ($0.90 per share), up from $674 million ($0.45) a year ago.
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Q1 2026 net sales were $5.203 billion, up 11.6% reported and 9.4% operational/organic vs. prior year.
Adjusted EPS was $0.80, within guidance of $0.78-$0.80, vs. $0.75 in Q1 2025.
Boston Scientific reports positive results from HI-PEITHO and CHAMPION-AF clinical trials
HI-PEITHO trial: EKOS Endovascular System plus anticoagulation was superior to anticoagulation alone for acute pulmonary embolism, with primary endpoint events of 4.0% vs. 10.3% (P=0.005).
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CHAMPION-AF trial: WATCHMAN FLX device met all primary and secondary endpoints, showing superior bleeding reduction vs. NOACs (10.9% vs. 19.0%, P<0.001) and non-inferior efficacy for stroke prevention.
Both trials were presented at ACC.26 and published in The New England Journal of Medicine on March 28, 2026.
HI-PEITHO enrolled 544 patients across 59 sites in the U.S. and Europe; CHAMPION-AF enrolled 3,000 patients across 141 sites globally.
Boston Scientific plans to use CHAMPION-AF data to seek expanded indication for WATCHMAN FLX as a first-line stroke risk reduction option.
8.01 Other Events · 9.01 Financial Statements and Exhibits