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Boston Scientific to Buy Penumbra for $15 Billion in Cash, Stock

Provided by Dow Jones Jan 15, 2026, 12:29:00 PM

By Colin Kellaher

Boston Scientific has agreed to buy thrombectomy company Penumbra for about $15 billion in cash and stock in a deal that bolsters its cardiovascular portfolio.

Boston Scientific on Thursday said the deal values Penumbra at $374 a share, a 19% premium to Wednesday's closing price of $313.43 for the Alameda, Calif., company.

The deal, which carries an enterprise value of around $14.5 billion minus Penumbra's roughly $470 million net cash and short-term investments, is slated to close later this year.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

January 15, 2026 07:29 ET (12:29 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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