Boston Scientific Acquires Penumbra at $374 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy BSX?
Source: Benzinga
- Acquisition Deal: Boston Scientific has agreed to acquire Penumbra at $374 per share, valuing the transaction at approximately $14.5 billion, indicating strong interest in the medical device market and expected to enhance Boston Scientific's product portfolio and market share.
- Shareholder Options: Penumbra shareholders can choose between cash or Boston Scientific stock, with an overall proration of about 73% cash and 27% equity, which may attract more investor participation and enhance shareholder satisfaction.
- Strong Performance: Penumbra's preliminary fourth-quarter results exceeded expectations, with shares rising 12.1% to $351.25 on Thursday, reflecting market confidence in its future growth potential and likely boosting investor sentiment further.
- Market Reaction: The acquisition news significantly boosted Penumbra's stock price, demonstrating a positive market response to M&A activities in the healthcare sector, which may also trigger similar acquisition activities among other related companies, further energizing the market.
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Analyst Views on BSX
Wall Street analysts forecast BSX stock price to rise
22 Analyst Rating
22 Buy
0 Hold
0 Sell
Strong Buy
Current: 73.480
Low
94.00
Averages
108.14
High
132.00
Current: 73.480
Low
94.00
Averages
108.14
High
132.00
About BSX
Boston Scientific Corporation is a global developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company's MedSurg segment includes Endoscopy, Urology, and Neuromodulation. Its Endoscopy business develops and manufactures devices to diagnose and treat a range of gastrointestinal conditions with less-invasive technologies. Its Urology business develops and manufactures devices to treat various urological conditions for both male and female anatomies, including kidney stones, benign prostatic hyperplasia, prostate cancer, erectile dysfunction, and incontinence. Its Neuromodulation business develops and manufactures devices to treat various neurological movement disorders and manage chronic pain. Its Cardiovascular segment includes Cardiology and Peripheral Interventions. The Cardiology includes interventional cardiology therapies, watchman, cardiac rhythm management, and electrophysiology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- FDA Notification: In compliance with the U.S. Food and Drug Administration (FDA), the company notified affected customers on December 19, 2025, advising them to cease using specific devices and to remove remaining inventory to ensure patient safety.
- Risk Assessment: The recall stems from increased reports of complications during stent deployment and expansion, which may prolong procedures and necessitate device replacement, thereby elevating surgical risks for patients.
- Follow-Up Care: Despite the issues, patients with successfully implanted AXIOS stents can continue standard follow-up care, with Boston Scientific emphasizing that the stents should only be used in accordance with their approved Instructions for Use.
See More
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- Improved Gross Margin: The gross margin for Q4 2025 was 68.0%, up from 66.8% in Q4 2024, attributed to product mix optimization and enhanced production efficiency, signaling potential future profitability improvements.
- Controlled Operating Expenses: Although R&D expenses slightly increased to $21.8 million, total operating expenses as a percentage of revenue decreased to 52.6%, demonstrating the company's ability to effectively manage costs during expansion.
See More
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- Disappointing Earnings: On February 4, 2026, Boston Scientific reported its fourth-quarter 2025 financial results, revealing lower-than-expected sales in its electrophysiology division, which diminished market confidence in the company's future performance.
- Stock Price Plunge: Following the earnings report, Boston Scientific's stock price fell by $16.12, or 17.6%, closing at $75.50 per share on February 4, 2026, reflecting investor disappointment in the company's performance.
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- Management Outlook: CEO Clovis Torres expressed that shareholder support will facilitate the successful advancement of the Volta Grande Gold Project, with expectations to close the private placement in the coming days.
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See More
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- Holding Changes: Following this sale, ORBIMED retains 2,153,300 shares of Terns, with a value decrease of $30.20 million, reflecting fluctuations in market expectations for its clinical pipeline.
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- Investor Focus: With upcoming clinical data releases, investors should monitor Terns' cash flow and trial results to assess whether its pipeline justifies the current high valuation, especially since robust data is crucial for sustaining valuation in the biotech sector.
See More
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- Position Value Change: Following this transaction, ORBIMED's position in Terns decreased to 2,153,300 shares, with a value drop of $30.20 million, indicating the market's sensitivity to fluctuations in the company's stock price.
- Asset Management Proportion: After the reduction, Terns now represents 1.78% of ORBIMED's reportable AUM, falling outside the top five holdings, which suggests a diminished significance in the investment portfolio.
- Market Performance Comparison: As of February 17, 2026, Terns' stock price stood at $39.58, reflecting an 858.4% increase over the past year, significantly outperforming the S&P 500 by 862.96 percentage points, demonstrating strong market confidence in its clinical pipeline.
See More
