Boston Scientific Corp. is acquiring medical-device maker Cameron Health Inc. of San Clemente for $150 million in cash.
Additional payments of up to $1.05 billion are possible, based on future milestones. Cameron makes the S-ICD System implantable heart defibrillator, which is under review by the Food and Drug Administra- tion.
Natick, Mass.-based Boston Scientific, a diversified medical-device maker, said it anticipates regulatory approval for S-ICD in the first half of 2013. The device has been sold in Europe and other overseas markets since 2009.
Boston Scientific has been a Cameron investor since 2004, and it held an option to buy the company.
Cameron has raised nearly $200 million in venture funding since it started nine years ago.
—Vita Reed
