Boston Scientific May Sell Surgery Businesses

The Natick, Mass-based medical device firm acquired its cardiac surgery business in April 2006 as part of its $27 billion deal to buy Guidant Corp.

“If finalized, this sale will support our efforts to focus resources on our core businesses and improve our operating and financial performance,” said Paul LaViolette, Boston Scientific chief operating officer, in a statement. “These are strong businesses, and we believe the combined portfolio has great potential for success with the focused attention and resources of external ownership.”

The surgery unit is based in San Jose and manufactures in Dorado, Puerto Rico. That unit employs 450 people and reported 2006 revenues of $189 million.

Boston Scientific acquired its vascular surgery business when it bought Meadox Medicals in 1995. The vascular unit, based in Wayne, N.J., reported 2006 revenues of $86 million and has 250 employees.

The company said it is in talks with several potential buyers and expects the sale will take a number of months.