Boston Scientific
Headquarters:
One Boston Scientific Place
Natick, MA 01760
Employees: 28,000
CEO: James Tobin
Stock Symbol: BSX
Website:
http://www.bostonscientific.com
Career Page
Boston Scientific is a developer and marketer
of medical products that can improve patient care. Products cover
electrophysiology, cardiology, neuro inventions, vascular surgery,
gynecology, pulmonary endoscopy, peripheral interventions, radiology/oncology
interventions, endoscopy and urology. The company delivers more
than 15,000 products to 45 countries.
One of the company's biggest products are
stents, which are tubes that help open clogged blood vessels.
In 2006, Boston Scientific acquired Guidant's
Cardiac Rhythm Management and Cardiac Surgery business units.
The company also completed an agreement with Abbott under which
Abbott will acquire Guidant's vascular intervention and endovascular
businesses, while agreeing to share rights to Guidant's drug-eluting
stent program with Boston Scientific.
For 2006, the company reported revenues
of $6.28 billion. Net income was $628 million.
The company announced in Octoer plans to
eliminate approximately 2,300 positions worldwide and restructure
businesses.
History
Boston Scientific began in the late 1960s,
when co-founder John Abele acquired an equity interest in Medi-tech,
Inc., a research and development company focused on developing
alternatives to traditional surgery. Medi-tech's first products,
a family of steerable catheters, were introduced in 1969 and
were used in some of the first less-invasive procedures. Versions
of these steerable catheters are still used today. In 1979, Abele
and Pete Nicholas partnered to buy Medi-tech and together formed
Boston Scientific Corporation.
Benefits
Most benefits begin on first day of employment.
- Medical, dental and vision plans
- Health care and dependent care flexible spending accounts
- Life insurance
- Adoption assistance
- Educational assistance
- 401(k) retirement savings plan - Company match on pre-tax
contributions equal to 200% of the first 2% of pay, and 50% of
the next 4% of pay up to IRS limits. This match is immediately
100% vested.
- Employee stock ownership plan - 15% discount
- Paid time off ranging from 15-25 days per year
- 11 paid holidays which may include floating holidays
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