Business & Tech
Marlborough's Boston Scientific Makes Fortune 500 List
Boston Scientific was ranked at 319 on the Fortune 500 list.
MARLBOROUGH, MA — Marlborough based company Boston Scientific made it onto the Fortune 500 list. Boston Scientific was one of 16 Massachusetts based companies that cracked the top 500. An additional 18 fell short, but still made the top 1,000.
Boston Scientific, located at 300 Boston Scientific Way in Marlborough, is a medical products and equipment company. Fortune ranked the company at 319, a step up from its previous rank of 328. Boston Scientific's revenue is listed at $9,823 million with a profit of $1,671 million. Marlborough's Boston Scientific has 32,000 employees
Fortune Magazine released its annual list of the 500 top companies in America, which represent two-thirds of the U.S. GDP and have a total of $13.7 trillion in revenue, the magazine says. Of those 500 companies, 16 are based in Massachusetts.
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Fortune said it ranks companies by total revenue. Overall, Walmart topped the 2019 list, followed by Exxon Mobil and Apple. Berkshire Hathaway and Amazon ranked No. 4 and No. 5, rounding out the top five spots on the list.
To put the list in context, Fortune writes that just a tenth of the companies on the list are responsible for nearly half of the total $13.7 trillion in revenue. (You can read more in detail about the list via Fortune here.)
Patch reporter Mike Carraggi contributed to this report.
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