The deal, due to close in early 2022, is for Baylis Medical Company and its products focused on making it safer for surgeons to get at the left side of the heart. Boston Scientific, which specializes in devices for less invasive surgeries, will add Baylis’s products to its existing cardiology division. The deal doesn’t include Baylis Medical Technologies, which makes products for radiology and neurosurgery and also does contract manufacturing. (The Logic)

Talking point: Baylis Medical was part of a consortium that received a federal contract to produce thousands of ventilators in the early stages of the COVID-19 pandemic; its executive chair, Frank Baylis, is a former Liberal MP who left politics in 2019 after one term to go back to the business his mother founded in 1986. Opposition parties hounded the government over the contract, but a committee investigation concluded only that the government should have better transparency rules for emergency procurements.