HEALTH

Boston Scientific, Scimed to Merge: Boston Scientific Corp. announced an agreement to merge with Scimed Life Systems Inc. in a stock swap worth about $869 million. The companies said the deal would create one of the world’s biggest medical device companies dedicated to minimally invasive therapies. The combined company will be called Boston Scientific and have revenue of more than $700 million. It will be based in Natick, Mass., where Boston Scientific is. Scimed, of Maple Grove, Minn., would become a subsidiary. Boston Scientific makes products used in radiology, cardiology, vascular surgery, urology and pulmonary medicine. Scimed sells devices used primarily to treat cardiovascular disease. The companies’ boards have approved the deal, under which Boston Scientific would pay 3.4152 shares of its stock for each outstanding share of Scimed.