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Greatbatch, Boston Scientific expand deal

Business First
Tuesday, February 22, 2011

Greatbatch Medical has signed a five-year agreement with Boston Scientific’s Cardiology, Rhythm and Vascular Group.

Terms of the agreement, which is effective immediately, were not disclosed.

Greatbatch Medical, part of the Clarence-based Greatbatch Inc. (NYSE: GB), manufactures technologies used in devices for the cardiology, neurology, vascular and orthopaedic markets.

The agreement replaces the previous contract between the two companies, and expands the relationship through the addition of multiple new product lines.

“Being able to continue and grow our partnership is a direct result of our diversification strategy, which has enabled us to offer our strategic partners, like Boston Scientific, a broader product portfolio,” said Mauricio Arellano, president, Greatbatch Medical.

Greatbatch Medical and Boston Scientific have additional agreements pertaining to other products and systems. Those contracts remain in place and have not been impacted by this agreement.