Boston Scientific Sells Unit for $750M: Financial News - Yahoo! Finance

Boston Scientific Sells Unit for $750M: Financial News - Yahoo! Finance: "Boston Scientific Corp. said Monday it will sell its cardiac and vascular surgery businesses to Sweden-based Gettinge Group for $750 million. Boston Scientific acquired the cardiac surgery unit in April 2006 through its $27 billion acquisition of Guidant Corp., a deal that boosted Boston Scientific's debt amid downturns in two of its heart device markets. Boston Scientific's 450-employee cardiac surgery unit, with headquarters in San Jose, Calif., and a manufacturing facility in Puerto Rico, makes technologies to aid in heart surgery. The unit generated $189 million in revenue last year."