Pharma BD Deal Intelligence

Boston Scientific Corporation / Endo International plc (American Medical Systems Men's Health and Prostate Health)

2015 · Asset Purchase · $1.6B · Complete

Boston Scientific's $1.6B carve-out of Endo/AMS Men's Health and Prostate Health quietly became its Urology franchise crown jewel—segment revenue grew roughly 5.5x from ~$400M at close to $2.2B by 2024, while Endo retained the pre-existing transvaginal mesh litigation liability, insulating Boston Scientific from that overhang.

CALLED IT — OFF BY 11
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The coverage arc

Mar 02, 2015 Endo International Bullish

Endo characterized the AMS divestiture as accelerating its transition to a specialty pharmaceuticals company and improving balance-sheet flexibility.

Mar 02, 2015 The Boston Globe Bullish

We believe the businesses Boston Scientific is acquiring fit well into the company's existing urology business and additional focus from Boston Scientific can…

Aug 04, 2015 Star Tribune Bullish

Boston Scientific closed the $1.6B AMS deal earlier than expected, immediately consolidating its position as the largest urology device company in the US.

Source summaries from our enrichment pipeline; follow links for originals.

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Boston Scientific acquired Endo's AMS Men's Health and Prostate Health businesses for $1.6B upfront plus up to $50M based on 2016 sales, advancing Endo's transition to specialty pharma. Closed August 4, 2015.

Did it work? Outcome assessment

Strategic verdict
Achieved Stated Rationale
Financial impact
Accretive
AMS-specific revenue not separately disclosed post-close, but the combined Urology and Pelvic Health division (legacy BSX urology + AMS) grew from ~$1.0B at close to $1.41B in FY2019 net sales (+13.4% reported, +8.4% organic), consistently among Boston Scientific's faster-growing segments. No impairments or restructuring tied to the deal were disclosed.
Pipeline outcome
Assets Advanced
Acquired flagship device franchises - GreenLight laser therapy for BPH, AMS 800 urinary control system, and AMS 700 inflatable penile prosthesis - remained core, actively marketed products within Boston Scientific Urology and Pelvic Health through the 5-year window.

Key facts

Disease & market context

Benign Prostatic Hyperplasia (BPH) and Male Urology

$1.0B Combined BSC+AMS urology business at deal close (~$1B annual sales)

Disease Overview

Benign prostatic hyperplasia, male stress urinary incontinence, and erectile dysfunction collectively affect a majority of aging men, with histological BPH present in 50-80% of men over 60. Device-based therapies (laser ablation, slings, penile prostheses) treat moderate-to-severe symptoms refractory to medical management.

Competitive Landscape

The 2015 Boston Scientific acquisition of Endo's American Medical Systems Men's Health and Prostate Health business — $1.6B upfront plus a $50M sales-based earn-out — was a pure device transaction that immediately doubled BSC's urology revenue base to roughly $1B in combined sales. The acquired franchise was anchored by GreenLight XPS/HPS photoselective vaporization laser systems for BPH (competing with Teleflex's UroLift system, NeoTract's UroLift later acquired by Teleflex in 2017 for $1.1B, and Boston Scientific's own Rezum water vapor therapy via Olympus and prostate enucleation systems), the AMS 800 Urinary Control System for male stress urinary incontinence (effectively the gold-standard artificial urinary sphincter with limited competition), and the AMS 700 Inflatable Penile Prosthesis for erectile dysfunction (competing with Coloplast's Titan IPP). Endo divested the unit to refocus on specialty pharma (Vasostrict, Xiaflex) and reduce mesh-related litigation exposure that had already cost the company billions. For BSC the deal was the cornerstone of building a global urology franchise that subsequently absorbed BTG (2019) and Lumenis Surgical (2021).

Related deals — scored

DealYearValueOutcome
Boston Scientific Corporation / Endo International plc (American Medical Systems Men's Health and Prostate Health) (this deal)2015$1.6B82
Boston Scientific Corporation / BTG plc2018$4.2B78
Boston Scientific Corporation / Advanced Bionics Corporation2004$740M26
Boston Scientific Corporation / Bolt Medical, Inc.2025
Boston Scientific Corporation / Vertiflex, Inc.2019$465M
Watson Pharmaceuticals (Actavis Inc.) / Actavis plc2012$5.9B97
Kohlberg Kravis Roberts & Co. / PRA International (Genstar Capital)2013$1.3B91

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