Natick, MA (February 26, 2009) -- Boston Scientific Corporation (NYSE: BSX) today announced updated financial results for the fourth quarter ended December 31, 2008.  Subsequent to the release of earnings on January 28, the Company accrued for a patent litigation settlement and, as expected, finalized a previously announced goodwill impairment charge.  In accordance with U.S. Generally Accepted Accounting Principles, these events are required to be recorded in the fourth quarter as they occurred after the January 28 earnings release and before the filing of the Company’s Annual Report on Form 10-K.

The patent litigation settlement resulted in a pre-tax charge of $23 million ($18 million after-tax).  The finalization of the goodwill impairment charge reflected a $54 million credit (on both a pre-tax and after-tax basis) and resulted in a final charge of $2.613 billion compared to the previously reported charge of $2.667 billion.

The table below reconciles the Company’s updated fourth quarter financial results to those previously reported.  The adjustments in the table are also reflected in the Company’s Form 10-K, which will be filed tomorrow.

Q4 2008 Results
(in millions, except per share data)   
Loss before income taxes
  $ (2,557 )   $ 54     $ (23 )   $ (2,526 )
Net loss
  $ (2,430 )   $ 54     $ (18 )   $ (2,394 )
  $ (1.62 )   $ 0.04     $ (0.01 )   $ (1.59 )
Adjusted EPS
  $ 0.21             $ (0.01 )   $ 0.20  

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

The following information was filed by Boston Scientific Corp (BSX) on Thursday, February 26, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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