Hologic To Be Acquired By Blackstone, TPG In US$18.3 Bln Deal
KUALA LUMPUR, Oct 22 (Bernama) -- Hologic Inc announced it has entered into a definitive agreement to be acquired by funds managed by Blackstone and TPG in a transaction valued at up to US$79 per share, representing an enterprise value of up to US$18.3 billion. (US$1=RM4.22)
Shareholders will receive US$76 per share in cash, plus a non-tradable contingent value right (CVR) worth up to US$3 per share, tied to performance milestones in Hologic’s Breast Health business through fiscal 2027.
The aggregate purchase price represents a premium of approximately 46 per cent to Hologic’s closing price on May 23, 2025, the day before media reports of a potential transaction surfaced.
In a statement, Hologic said the transaction includes significant minority investments from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and an affiliate of GIC.
Hologic Chairman, President and Chief Executive Officer, Stephen P. MacMillan called the deal “an exciting new chapter” that will accelerate innovation and expand access to Hologic’s women’s health technologies.
“This transaction delivers immediate and compelling value to Hologic stockholders, reflecting the dedication of our employees whose hard work has made this milestone possible,” he said.
The company, which will remain headquartered in Marlborough, Massachusetts, will go private and delist from Nasdaq upon closing, expected in the first half of 2026.
Blackstone and TPG have secured financing from top-tier banks, including Citi, Bank of America, Barclays, Royal Bank of Canada and SMBC. The deal includes a 45-day “go-shop” period, allowing Hologic to entertain superior bids.
With no earnings calls planned during the transaction period, the market’s next update from Hologic will be its fourth-quarter results on Nov 3 and its 10-K filing in late November.
This acquisition underscores private equity’s growing appetite for scaled, innovation-driven healthcare platforms—and positions Hologic for its next phase of growth under private ownership.
-- BERNAMA