Boston Scientific to Establish New Global Headquarters in Marlborough Massachusetts

Tools

Boston Scientific to Establish New Global Headquarters in Marlborough Massachusetts

Company to Consolidate Natick, Mass. Headquarters into Existing Marlborough Site; Facility Expansion to Create Collaborative Campus Setting; Consolidation Expected to be Completed by Mid-Summer 2014

Nov 8, 2012

Natick, Mass. (November 8, 2012) – Boston Scientific Corporation (NYSE:BSX) announces it will consolidate its Natick, Mass. global headquarters into its Marlborough, Mass. location, where a new global headquarters campus will be established.

The consolidation will occur in phases, commencing in the spring of 2013. The company anticipates employees will be essentially moved out of the Natick facility by mid-summer of 2014, when construction of an additional building on the Marlborough site is expected to be complete. Meanwhile, Boston Scientific is in final stages for Natick-based MathWorks to purchase the entire 500,000-square foot Natick facility, which it has occupied since 1995. Details of the arrangement are not being disclosed.

"A new global headquarters in Marlborough will more effectively support our long-term strategic plans," said Mike Mahoney, president and chief executive officer of Boston Scientific. "Consolidating our Natick and Marlborough facilities is expected to foster greater collaboration and efficiency, benefitting our employees, our customers, and, ultimately, the patients they treat."

The existing Marlborough facility, which Boston Scientific purchased in 2004, is known for its open and collaborative work environment. Additionally, the Marlborough buildings are LEED® (Leadership in Energy and Environmental Design) certified. LEED certification provides independent, third-party verification that the buildings are designed and built using strategies aimed at achieving high performance in key areas of human and environmental health, including sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality.

The Marlborough facility is located near the intersection of Interstate 290 and Interstate 495. The Natick and Marlborough facilities are located approximately 13 miles apart. In addition to driving more effective collaboration and efficiency, the consolidation is expected to optimize the company's facilities and generate cost savings.

"The City of Marlborough is thrilled to be the new expanded home of Boston Scientific," said Arthur Vigeant, mayor, City of Marlborough. "The company has already been an outstanding corporate citizen and we look forward to having Boston Scientific play an even larger role in our community."

About Boston Scientific
Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices that are used in a broad range of interventional medical specialties. For more information, please visit: www.bostonscientific.com.