Boston buying Relievant

[pmrmd]

Didn’t know if it was going to be them or Medtronic.

Congrats Boston.

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[drusso]

Didn’t know if it was going to be them or Medtronic.

Congrats Boston.

Source: Boston Scientific to pay $850 mln upfront to buy Relievant Medsystems

 

[SSdoc33]

somebody is getting a huge payout with their stock options vesting....

 

[drusso]

somebody is getting a huge payout with their stock options vesting....

Drinks this weekend are on Ray!

 

[Taus]

What do you think the implications of this will be? I’ve never done Vertiflex or others and seen what changes typically occur after these type of acquisitions

 

[RoloTomassi]

Hopefully more resources for insurance lobbying and studies, price negotiation with RFA, SCS bundles

 

[Agast]

That’s interesting, I assumed they lost a ton of money when they bought Vertiflex and the CPT code collapsed

 

[BobBarker]

I would think they definitely lost money on Vertiflex. I think the investors in Vertiflex didn’t make anything either compared to investing the same amount of money in index funds for 10 years.

I did Relievant training in 2018 I think, not long after Boston acquired them. Maulik Nanavaty told me that they were looking at Relievant back then.

 

[DrSpine]

I would think they definitely lost money on Vertiflex. I think the investors in Vertiflex didn’t make anything either compared to investing the same amount of money in index funds for 10 years.

I did Relievant training in 2018 I think, not long after Boston acquired them. Maulik Nanavaty told me that they were looking at Relievant back then.

Literally said the same. The whole Vertiflex thing kind of flopped.

 

[clubdeac]

Boston rep in our area makes over 1 million. They have plenty of money to burn.

 

[buddababa]

Boston rep in our area makes over 1 million. They have plenty of money to burn.

that type of salary for a rep is exactly what is wrong with medicine.

 

[clubdeac]

that type of salary for a rep is exactly what is wrong with medicine.

Agree completely

 

[Ducttape]

that type of salary for a rep is exactly what is wrong with medicine.

Yet this is our capitalistic system of "healthcare".

 

[Baron Samedi]

And they have the audacity to insist on prix fixe menus instead of a la carte.

 

[jsaul]

that type of salary for a rep is exactly what is wrong with medicine.

Actually it's the incentive based payment models that drives these reps to get their devices into patient bodies. If it was a straight salary we wouldn't have all these unnecessary stim placements

I have seen the financially driven reps corrupt the gullible doctors