Boston Scientific Added to S&P 500 Index: Health Care & Retirement Added to S&P MidCap 400 Index.NEW YORK--(BUSINESS WIRE)--February 21, 1995--Standard & Poor's will replace National Education Corp. (NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. ) in the S&P 500 Index with Boston Scientific The Boston Scientific Corporation (NYSE: BSX) (abbreviated BSC), is a worldwide developer, manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties, including interventional cardiology, peripheral interventions, Corp. (BSX BSX Bermuda Stock Exchange BSX Bandai Satellaview-X BSX Bicycle Super-X (Cross) ) after the close of trading on Thursday, February 23, 1995. Boston Scientific is a leading developer, manufacturer and marketer of medical devices used in minimally invasive surgery minimally invasive surgery Laparoscopic surgery, see there. See Laparoscopic cholecystectomy. . It will be added to the S&P 500 Medical Products & Supplies industry group. The company, which is headquartered in Watertown, Mass., is acquiring SciMed Life Systems Inc. (SMLS SMLS Seamless SMLS Shelterized Microwave Landing System SMLS Saint Mildred's Lightbourn School (Canada) ), a component of the S&P MidCap 400 Index. SciMed Life Systems, whose shareholders are scheduled to vote on the acquisition by Boston Scientific on February 23, will be replaced in the S&P MidCap 400 on that date by Health Care & Retirement Corp. (HCR HCR High Commissioner for Refugees (UN) HCR Home Condition Report HCR Health Care Reform HCR Highway Contract Route (US Postal Service) HCR High Consistency Rubber HCR Human Cognitive Reliability ). Headquartered in Toledo, Ohio, Health Care & Retirement operates long-term nursing care centers and provides rehabilitative services. The company will be added to the S&P MidCap 400 Health Care (Services) industry group. National Education has a current market value of $114.6 million, ranking last in the S&P 500. The company is presently included in the S&P 500 Specialized Services industry group, where it accounts for less than 1% of the group's market value. The Equity Services Group of Standard & Poor's, a division of the Financial Information Services See Information Systems. Group of McGraw-Hill Inc., provides financial, economic, and investment information, as well as analytical services, to the global financial community and commodity trading markets. The S&P Equity Services Group calculates and maintains the S&P 500, S&P MidCap 400, and S&P SmallCap 600 stock price indexes, which are widely considered key barometers of stock market activity and performance benchmarks for professional money managers. More than $260 billion is currently indexed to the S&P 500. Company additions and company deletions from the S&P equity indexes do not in any way reflect an opinion on the investment merits of the company. CONTACT: Elliott Shurgin 212/208-8709 or Albert Neubert 212/208-8716 or Jon M. Diat 212/208-8690 |
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