Boston Scientific has announced plans to acquire Cameron Health. Boston Scientific will initially shell out $150 in cash for the deal, with up to $1.2 billion more to come if Cameron's defibrillator product meets regulatory and sales expectations, Reuters reports.
The device has already received a CE mark in Europe, where it has been sold since 2009. Boston Scientific anticipates the S-ICD will receive approval in the U.S. somtime next year, according to Reuters. Cameron submitted a PMA application for the device in January.