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Marlborough Today
By the People, for the People
CIBC Bancorp USA Inc. Invests $59 Million in Boston Scientific
The institutional investor purchased over 600,000 shares of the medical equipment provider's stock.
Mar. 18, 2026 at 9:04am
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CIBC Bancorp USA Inc. purchased a new position in Boston Scientific Corporation (NYSE:BSX) in the 3rd quarter, according to the company's recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 604,347 shares of the medical equipment provider's stock, valued at approximately $59,002,000.
Why it matters
This investment by CIBC Bancorp USA Inc. in Boston Scientific, a leading medical device company, reflects the institutional investor's confidence in the company's growth potential and future prospects. Boston Scientific's products are used in various less-invasive medical procedures, making it an important player in the healthcare industry.
The details
CIBC Bancorp USA Inc. purchased the 604,347 shares of Boston Scientific stock in the 3rd quarter. This new position represents a significant investment of approximately $59 million for the institutional investor. Boston Scientific is a global medical device company that develops, manufactures, and markets a broad portfolio of products used in less-invasive medical procedures.
- CIBC Bancorp USA Inc. purchased the Boston Scientific shares in the 3rd quarter.
The players
CIBC Bancorp USA Inc.
An institutional investor that purchased a new position in Boston Scientific Corporation.
Boston Scientific Corporation
A global medical device company that develops, manufactures, and markets a broad portfolio of products used in less-invasive medical procedures.
The takeaway
This investment by CIBC Bancorp USA Inc. in Boston Scientific highlights the institutional investor's confidence in the medical device company's growth potential and future prospects within the healthcare industry.
