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Hologic


Hologic, Inc. is an American medical technology company specializing in , dedicated to developing innovative technologies for the detection, , and of related conditions.
Headquartered in , Hologic was founded in 1985 and has grown into a global leader with products encompassing systems such as the 3Dimensions system, diagnostic solutions including cytology and molecular assays for screening, and minimally invasive surgical devices for gynecological procedures.
The company has achieved recognition for advancements in early detection and , including awards as Company of the Year in medical devices and diagnostics, and reported record revenues exceeding $5 billion in prior fiscal years driven by leadership in responses.
In October 2025, Hologic announced an agreement to be acquired by firms and TPG for up to $79 per share, marking a significant transition pending regulatory approvals.

Corporate Profile

Founding and Operations

Hologic was founded in 1985 by S. David Ellenbogen and Jay A. in , with an initial emphasis on advancing technologies for bone densitometry to diagnose . Ellenbogen, a in the field, and , who held expertise in systems, established the company to address unmet needs in medical diagnostics through proprietary and detector innovations. The firm went public in 1990, enabling further development of its core technologies. In 1987, Hologic launched its first major product, the QDR-1000 dual-energy X-ray absorptiometry system, which became a standard for osteoporosis evaluation by measuring bone mineral density with improved precision over prior methods. Early operations centered on research, manufacturing, and commercialization of imaging and diagnostic tools, expanding from bone health to broader applications in women's diagnostics. Today, Hologic maintains its global headquarters at 250 Campus Drive in , where it relocated to support scaled operations following growth in the 1990s and . The company employs approximately 7,000 people worldwide and focuses operations on three primary segments: diagnostic solutions for infectious diseases and reproductive health, imaging systems including digital mammography for detection, and interventional devices for gynecological and skeletal procedures. These activities emphasize innovation in technologies, with manufacturing facilities in the , , and to ensure efficiency and .

Leadership and Governance

Stephen P. MacMillan serves as Chairman, President, and of Hologic, Inc., a position he has held since January 2013. Under his , the company has focused on expanding its diagnostics and portfolios, particularly in technologies. The executive team includes Mitchell as , responsible for operational oversight across global segments; Mark Horvath as Executive Vice President and , managing financial strategy and reporting; and other senior leaders such as Paul Malenchini, Executive Vice President and , who oversees legal and compliance functions. Hologic's consists of 11 members as of October 2025, with a majority of to ensure oversight separate from management. Amy M. Wendell acts as Lead , chairing the Compensation Committee and contributing to through her experience in healthcare . Other include Charles J. Dockendorff, chair of the Audit and Committee with prior experience at ; Ludwig N. Hantson, former CEO of ; Martin Madaus, ex-CEO of ; and Wayde McMillan, appointed in April 2025, who serves as of Solventum Corporation and brings expertise in carve-outs and financial operations. The board's composition emphasizes expertise in life sciences, , and regulatory matters, supporting strategic decisions amid Hologic's focus on and acquisitions. The company's governance structure features three standing committees: the Audit and Finance Committee, which oversees financial reporting, internal controls, and audit processes; the Compensation Committee, responsible for executive pay, incentives, and performance alignment; and the Nominating and Corporate Governance Committee, which handles director nominations, board evaluations, and corporate governance policies. Hologic maintains corporate governance guidelines emphasizing board independence, annual self-assessments, and stockholder engagement, including responsiveness to proxy advisory recommendations on issues like executive compensation. The board also addresses enterprise risks, such as regulatory compliance in medical devices and supply chain vulnerabilities, through regular oversight and integration with management's risk management framework. In light of the October 21, 2025, announcement of a potential acquisition by Blackstone and TPG, the board continues to guide the company under existing leadership while evaluating the transaction's implications for governance post-closing.

Market Focus and Revenue Streams

Hologic's market focus centers on technologies, encompassing diagnostic testing, detection and treatment, gynecological surgical interventions, and skeletal health assessment for conditions like , which disproportionately affect women. The company's products target early disease detection, imaging, and minimally invasive procedures to improve clinical outcomes in these areas. In fiscal year 2024, ending September 28, 2024, Hologic generated total revenue of $4,030.3 million, with the Diagnostics segment contributing the largest share at $1,782.0 million (44.2%), driven by molecular assays for infectious diseases such as HPV and STDs, cytology systems like ThinPrep, and other tests including and blood screening. Breast Health followed with $1,522.9 million (37.8%), primarily from 3D mammography systems, guidance tools, and related disposables for and intervention. The GYN Surgical segment accounted for $641.3 million (15.9%), featuring devices like MyoSure for tissue removal, NovaSure for , and fluid management systems for minimally invasive gynecological procedures. Skeletal Health, the smallest segment, reported $84.1 million (2.1%) from bone densitometry systems such as Horizon DXA and mini C-arm imaging for orthopedic applications.
SegmentRevenue ($ millions)Percentage of Total
Diagnostics1,782.044.2%
Breast Health1,522.937.8%
GYN Surgical641.315.9%
Skeletal Health84.12.1%
Revenue streams primarily consist of product , including disposables ($2,490.2 million) like test kits and surgical tools, and ($764.9 million) such as systems, alongside services ($758.2 million) from contracts, particularly in Health where services exceed 40% of segment revenue for stable recurring income. Diagnostics revenue declined 5.2% year-over-year due to reduced assay demand, while Health grew 6.3% from improved , reflecting a shift toward non-pandemic-driven growth in diagnostics and .

Historical Development

Inception and Early Innovations (1980s–1990s)

Hologic was founded in 1985 in , by physicists Jay A. Stein, who held a Ph.D. from and specialized in X-ray technology, and S. David Ellenbogen. The initial focus centered on developing advanced diagnostic imaging systems, particularly for bone mineral density assessment to address , a condition affecting millions, especially postmenopausal women. Starting with a team of about a dozen employees, the company prioritized a single product leveraging (DXA), an evolution from earlier dual photon absorptiometry techniques that promised lower radiation doses, quicker scans, and higher precision through stable sources rather than radioisotopes. In 1987, Hologic launched the QDR-1000, the first commercial DXA bone densitometer using quantitative (QDR), enabling accurate and measurements essential for evaluation. This system marked a pivotal shift, integrating bone densitometry into workflows and supplanting approaches due to its efficiency and reduced isotope dependency. Commercial shipments commenced that year, with the product receiving strong at events like the Radiological Society of meeting, solidifying Hologic's early market position in a niche previously dominated by less precise methods. The 1990s saw Hologic refine DXA technology amid growing demand for screening, introducing systems like the QDR-2000 with fan-beam scanning for faster, broader-area imaging and improved resolution over the original pencil-beam QDR-1000. These advancements enhanced clinical utility, supporting precise T-score calculations for fracture risk assessment per emerging standards. To fuel expansion, Hologic executed an on in June 1990, raising capital for R&D and establishing international operations, including Hologic in 1992. By decade's end, the company's DXA innovations had become the gold standard for bone densitometry, influencing global diagnostic practices.

Growth Through Expansion (2000s)

In the early 2000s, Hologic expanded its footprint in and technologies through targeted acquisitions. On September 15, 2000, the company completed its purchase of Trex Medical's U.S. assets for approximately $55 million in cash and notes, integrating stereotactic systems and related imaging products that generated about $30 million in quarterly revenues prior to the deal. This move complemented Hologic's prior focus on and sharpened its emphasis on diagnostics, following the 1999 acquisition of Direct Radiography Corp. Further growth came via innovations in minimally invasive procedures. In April 2006, Hologic agreed to Suros Surgical Systems for $240 million—comprising $132 million in cash and $108 million in cash or stock—plus a two-year earn-out, with the transaction closing on July 27, 2006. Suros provided vacuum-assisted devices and implantable markers, strengthening Hologic's portfolio in intervention and aligning with its strategy to lead in women's healthcare devices. The decade's transformative event was the 2007 merger with Cytyc Corporation, announced in May and completed on October 22, 2007, in a $6.2 billion cash-and-stock deal representing a 33% premium over Cytyc's share price. Cytyc shareholders received 0.52 shares of Hologic stock plus $16.50 in cash per share, integrating Cytyc's for —which held dominant market share—and system, thereby more than doubling Hologic's annual revenues from around $500 million to over $1.1 billion and diversifying into gynecological surgery. Under CEO Jack Cumming, who led from 2001 to 2009, these expansions solidified Hologic's position as a comprehensive provider in , emphasizing empirical advancements in detection and treatment over fragmented competition.

Modern Era and Key Milestones (2010s–2020s)

In the early 2010s, Hologic expanded its diagnostic capabilities through strategic acquisitions, including Sentinelle Medical in August 2010, which enhanced its MRI-guided offerings. The company's most transformative deal occurred in 2012 with the $3.75 billion acquisition of Gen-Probe, integrating advanced for infectious diseases and reproductive health into its portfolio. This move bolstered revenue streams, with annual sales rising from approximately $1.3 billion in fiscal 2011 to over $2 billion by fiscal 2013, driven by the system's FDA clearance in 2012 for high-throughput molecular testing. Product innovations included the FDA approval of the Selenia Dimensions mammography system in 2011, marking a shift toward for improved detection. Throughout the mid-2010s, Hologic focused on regulatory clearances for and assays, such as CE marking for its Aptima , HCV, HBV, and tests in 2015, alongside FDA approvals for the Affirm prone system in 2016 and various Aptima quantitative assays in 2017. advancements continued with FDA clearance of Clarity HD 3D and the SmartCurve stabilization system in 2018, aimed at enhancing comfort and . By fiscal 2019, approached $3.4 billion, reflecting steady organic growth and portfolio diversification despite market challenges in reimbursement. The brought rapid adaptation to crises, with Hologic securing FDA Emergency Use Authorizations for its Panther Fusion assay in March and Aptima assay in May , enabling high-volume testing on its automated platforms. These contributed to a peak of $5.3 billion in fiscal 2021, though post-pandemic normalization led to a decline to $4.0 billion by fiscal 2024. Innovations accelerated with the launch of 3DQuorum Imaging Technology powered by Genius , reducing radiologist reading times, and subsequent FDA clearances for Aptima assays targeting and in 2019-. Recent years emphasized AI integration and targeted acquisitions, including five in to strengthen diagnostics and five more by 2024, such as Endomagnetics in July 2024 for surgical guidance technologies and Gynesonics in January 2025 for devices. A pivotal milestone unfolded on October 21, 2025, when Hologic agreed to a $18.3 billion go-private transaction by and TPG funds at up to $79 per share, reflecting its established position in amid evolving medtech dynamics. Ongoing AI advancements, including the AI Detection solution demonstrated to cut times, underscore Hologic's commitment to in .

Products and Technologies

Diagnostic Solutions

Hologic's Diagnostic Solutions encompass , cytology, and skeletal health technologies, emphasizing automated systems for infectious disease detection, screening, and assessment. The portfolio leverages proprietary (TMA) technology in Aptima assays for high-sensitivity testing, enabling early pathogen identification in and applications. Core systems include the platform, a fully automated, high-throughput molecular testing solution that supports flexible sample loading and consolidated workflows for multiple assays, reducing manual intervention and enhancing lab efficiency. This infrastructure underpins testing for conditions such as high-risk human papillomavirus (HPV), chlamydia/ (CT/NG), , , (HCV), (HBV), (CMV), and SARS-CoV-2. In October 2025, Hologic secured FDA clearance and Mark for automated molecular tests on the Panther system targeting gastrointestinal pathogens, expanding its infectious disease menu to include common causes of bacterial . Cytology solutions center on the ThinPrep system, the first FDA-approved liquid-based preparation method for , which processes samples into a uniform of cells to improve cellular preservation and diagnostic accuracy over conventional smears. The ThinPrep detects abnormal cervical cells and integrates with Aptima HPV mRNA assays to identify high-risk viral strains, facilitating testing and enhanced glandular detection. is provided by processors such as the ThinPrep 5000 and models, which handle sample aliquoting, chain-of-custody tracking, and preparation in a single instrument, supporting high-volume labs with hands-free operation. These tools extend to non-gynecological cytology and are complemented by imaging systems like the ThinPrep Imaging System, which uses computer-assisted review to select diagnostic fields for manual screening. In skeletal health, Hologic offers the Horizon DXA (dual-energy X-ray absorptiometry) system for precise bone mineral density measurement, aiding diagnosis and fracture in clinical settings. This diagnostic supports longitudinal and , with features optimized for accuracy in diverse patient populations. Overall, these solutions prioritize scalability and integration, as seen in the Panther Scalable Solutions, which allow labs to expand testing capacity without proportional increases in staffing.

Imaging and Detection Systems

Hologic's imaging and detection systems primarily focus on breast health screening through advanced digital and technologies, as well as skeletal health assessment via (DXA). These systems aim to enhance early detection of and , leveraging innovations like 3D imaging to address limitations of traditional 2D , such as tissue overlap that can obscure lesions. The Selenia Dimensions mammography system, FDA-approved on February 11, 2011, as the first commercial platform, generates high-resolution images by acquiring multiple low-dose projections during a compressed exam, enabling radiologists to scroll through thin slices for improved visibility. This system supports synthesized 2D imaging to reduce radiation dose while maintaining diagnostic efficacy comparable to full-field digital . Subsequent enhancements include the 3Dimensions system, an of Selenia Dimensions, which incorporates Clarity HD imaging for higher resolution and faster scan times—reducing acquisition to under 4 seconds per view—while providing up to 15 angular projections for detailed . The Genius 3D Mammography exam on these platforms has been deemed superior to 2D alone for women with dense by FDA standards since 2017, with clinical data indicating reduced recall rates and improved cancer detection. Complementing these, Hologic's Genius AI Detection technology integrates deep-learning algorithms to analyze images, marking potential malignancies with case scores to prioritize high-risk exams and aid radiologists in workflow efficiency. Clinical evaluations demonstrate it enhances for detecting invasive cancers, with standalone performance showing up to 95% in certain demographics, while reducing reading time by enabling 15% more cases per hour when used adjunctively. Interpretation is facilitated by SecurView workstations, which offer multi-monitor setups for seamless review of , , and AI outputs. For skeletal imaging, the Horizon DXA system employs a high-resolution detector array and fan-beam to measure (BMD) at key sites like the , , and , supporting diagnosis and risk assessment via integration with tools like FRAX. It also provides analysis, quantifying fat mass, lean mass, and visceral for applications in metabolic health and athletic performance monitoring, with precision enhanced by automated region-of-interest placement and low-dose protocols.

Interventional and Surgical Devices

Hologic's interventional and surgical devices emphasize minimally invasive technologies for gynecological conditions and procedures, integrating , removal, and capabilities to support outpatient or short-stay interventions. These tools address uterine pathologies like fibroids and polyps, as well as management, with designs prioritizing precision, reduced procedure times, and preservation of healthy . In gynecology, the MyoSure® Tissue Removal Suite facilitates hysteroscopic resection of intrauterine tissue, including polyps and small , using mechanical cutting and suction without electrical energy to minimize damage. The system, compatible with the Fluent® Fluid Management System for enhanced visualization and fluid control, enables procedures typically completed in under 30 minutes in office or operating room settings. Complementing this, the Acessa® ProVu System employs laparoscopic (Lap-RFA) to coagulate and shrink symptomatic uterine up to 10 cm in diameter, utilizing guidance and deployable arrays for targeted energy delivery through two small incisions. Hologic acquired the Acessa technology in August 2020, expanding its portfolio for fibroid treatments that avoid . For breast interventions, Hologic provides vacuum-assisted biopsy systems such as the Brevera® System, which supports marker placement and specimen collection under stereotactic or guidance, reducing procedure times compared to traditional methods. In surgical applications, the CoolSeal® devices deliver bipolar vessel sealing for laparoscopic and open procedures across specialties, with indications extending to pediatric patients and features like adaptive energy modulation to minimize charring. Additionally, Endomag® magnetic localization systems, including Magseed® and Magtrace®, enable wire-free guidance for conserving surgery by injecting traceable markers or tracers, improving excision accuracy and reducing reoperation rates in clinical studies. These devices reflect Hologic's integration of acquisition-driven innovations to streamline workflows and enhance outcomes in targeted anatomical interventions.

Business Strategy and Acquisitions

Acquisition History

Hologic's acquisition strategy has emphasized expansion into diagnostics, molecular testing, and , with several transformative deals in the and . The company's largest acquisition occurred in 2007 when it purchased Cytyc Corporation in a cash-and-stock valued at approximately $6.2 billion, completed on October 22, 2007; this merger integrated Cytyc's ThinPrep and NovaSure endometrial ablation system, broadening Hologic's portfolio beyond imaging. In 2008, Hologic acquired Technologies for $580 million in cash, with the completed on July 24, 2008; this added molecular diagnostic capabilities for detecting high-risk human papillomavirus (HPV) types, enhancing screening offerings. The 2012 acquisition of Gen-Probe Incorporated for $3.7 billion in cash, finalized on August 1, 2012, marked a significant entry into automated , incorporating platforms like for and other assays, though Hologic later divested the blood screening unit in 2016 for $1.85 billion. Subsequent deals included the 2017 purchase of Cynosure for $1.65 billion ($66 per share), completed on March 22, 2017, which brought medical aesthetics technologies but was divested in 2019 for $205 million amid integration challenges and a prior $732 million impairment. In 2021, Hologic acquired Biotheranostics for approximately $230 million, completed on February 22, 2021, gaining molecular tests like Breast Cancer Index for recurrence risk assessment. More recently, the company completed the acquisition of Gynesonics on January 6, 2025, for $350 million, adding the Sonata system for treatment to its interventional portfolio. Overall, Hologic has completed at least 19 acquisitions as of September 2025, focusing on complementary technologies in diagnostics and .

Strategic Impacts on Portfolio and Market Position

Hologic's acquisition strategy has systematically expanded its product portfolio from early focuses on bone densitometry and imaging to a comprehensive suite encompassing diagnostics, molecular testing, , and minimally invasive surgical interventions, thereby diversifying revenue sources and mitigating cyclical dependencies on imaging volumes. The 2007 acquisition of Cytyc Corporation for $6.2 billion marked a pivotal shift, integrating technologies like the ThinPrep for screening and the NovaSure endometrial ablation system, which elevated Hologic's emphasis on and contributed to a fundamental transformation from an imaging-centric firm to a diversified medical technology leader. Subsequent deals further entrenched this diversification. The 2012 purchase of Gen-Probe for approximately $3.75 billion bolstered the diagnostics segment by adding advanced molecular diagnostic platforms for infectious diseases, including high-volume assays for and , resulting in a combined entity with annual revenue of $2.45 billion and adjusted EBITDA of $897 million, while enhancing Hologic's competitive edge in testing markets. Later acquisitions, such as Biotheranostics in 2021, introduced CancerTYPE ID and Breast Cancer Index tests, enabling entry into the $5 billion-plus diagnostics market and supporting precision medicine applications in recurrence risk assessment. These moves have strengthened Hologic's market position by targeting high-growth niches within , where it now holds leading shares in (e.g., via Genius 3D Mammography) and , while extending into (via 2017 Cynosure acquisition) and interventional solutions. Recent transactions, including Endomagnetics in 2024 for magnetic detection in cancer surgeries and Gynesonics in late 2024 for $350 million to add the Sonata ultrasound-guided system, have augmented the surgical portfolio with minimally invasive options, aligning with rising demand for outpatient procedures and potentially offsetting pressures in traditional from changes and . Overall, this acquisitive approach has driven portfolio resilience, with diagnostics and surgical segments comprising over 50% of revenue by the early , fostering a defensible in specialized medtech segments amid sector consolidation.

Controversies and Regulatory Challenges

BioZorb Implantable Marker Issues

The BioZorb Marker, developed by Hologic, Inc., is a bioabsorbable implantable device designed to mark the site of tissue removal during or procedures, aiding in targeted by providing radiographic visibility. Introduced to improve treatment precision for patients, the device consists of a resorbable with embedded markers intended to dissolve over time without causing complications. However, post-market revealed significant issues, including device migration, incomplete absorption, and inflammatory responses leading to adverse events. Adverse events reported to the FDA's Manufacturer and User Facility Device Experience (MAUDE) database included , infections, formation, and of device components, with some cases requiring surgical removal. For instance, a 2017 implantation case documented persistent and necessitating excision of the marker. By October 2024, Hologic had received reports of over 399 serious complications linked to implanted devices, prompting internal review of and degradation processes. These events were attributed to potential flaws in the bioabsorption mechanism, where the scaffold failed to fully degrade as intended, causing or displacement within . On October 24, 2024, Hologic initiated a voluntary recall of all unused BioZorb Markers and BioZorb LP Markers, urging healthcare providers to cease implantation and return devices to the manufacturer. The FDA classified this as a Class I recall—the highest severity level—due to the reasonable probability of serious adverse health consequences or death from risks such as infection or device malfunction. Hologic discontinued manufacturing the product line entirely, citing patient safety concerns, though implanted devices were not subject to removal unless symptomatic. The recall affected all lots distributed since the device's clearance, impacting facilities worldwide. In response, the FDA issued a safety communication on December 18, 2024, explicitly advising against use of the markers and recommending monitoring of existing implants for emerging issues. A subsequent to Hologic highlighted deficiencies in the company's response to reports and measures, noting inadequate for migration and absorption failures. Investigations suggested that pre-market testing may have underestimated long-term tissue interactions, with some reports indicating Hologic delayed public disclosure of complaints received as early as 2020. Litigation has ensued, with patients alleging product defects, failure to warn of risks, and inadequate post-market . As of 2025, multiple lawsuits, including a joint filing by five women, seek compensation for injuries such as ongoing pain and additional surgeries, claiming Hologic prioritized marketing over safety data. These claims remain in early stages, with no consolidated multidistrict litigation established, though law firms anticipate potential based on the recall's scope. FDA oversight continues to track post-implant outcomes, emphasizing the need for alternative markers in breast procedures.

FDA Enforcement Actions and Recalls

On , 2024, Hologic initiated a voluntary of all unused lots of its BioZorb bioabsorbable markers, an implantable radiographic used to mark sites for or surgical procedures, following reports of adverse events including infections, pain, swelling, device erosion, and migration in implanted patients. The U.S. (FDA) classified the recall as Class I, the most serious designation, indicating a reasonable probability of serious adverse health consequences or death if the were used. By December 2024, the FDA had received reports of at least 71 injuries associated with the , though no deaths were reported. Subsequent to , the FDA issued a warning letter to Hologic on December 18, 2024, following an of its facility, citing multiple violations of the Quality System Regulation (21 C.F.R. Part 820), including failures to establish adequate (CAPA) procedures, investigate complaints thoroughly, and analyze data for trends in adverse events related to BioZorb. The agency determined that Hologic's response to earlier Form 483 observations was inadequate, as it lacked sufficient evidence of and effective implementation of controls to prevent recurrence. Hologic discontinued the BioZorb product line in response, though the FDA required further actions such as a comprehensive CAPA plan, device history record reviews, and employee training within 15 business days. Hologic has also been subject to multiple Class II recalls for other devices, which pose temporary or reversible risks without immediate threat to life. These include:
  • A July 16, 2024, recall of the Discovery Package software for Hologic QDR bone densitometers (event number 94905) due to potential inaccuracies in density measurements from errors.
  • A recall of the Hologic M-IV system for issues with image production and labeling discrepancies affecting diagnostic accuracy.
  • A February 2025 recall of the TBS software add-on for variability in trabecular bone score calculations when used with Hologic densitometers.
  • A recall of the Sertera device for incorrect labeling that could lead to improper use during procedures.
No additional FDA warning letters or import alerts against Hologic were identified beyond the BioZorb-related action as of October 2025.

Litigation and Patient Safety Concerns

Hologic has faced numerous lawsuits primarily alleging injuries from its BioZorb implantable tissue markers, with plaintiffs claiming defects leading to complications such as , infections, device migration, and failure to resorb as intended, often necessitating surgical removal. As of August 2025, at least 183 women had filed claims asserting serious side effects from the device, used to mark breast tissue post-biopsy or . By October 2025, over 120 lawsuits were reported, including allegations of negligent design, manufacturing defects, failure to warn of risks, and off-label promotion without adequate safety testing. These suits contend that Hologic inadequately evaluated the device's risks despite internal complaints and reports documenting explants and non-resorption issues, with the U.S. (FDA) receiving 252 injury reports by December 2024. Plaintiffs, often survivors, seek compensation for medical expenses, pain, suffering, and additional surgeries, with some cases advancing to bellwether trials testing causation and liability theories like and breach of warranty. Hologic has defended by asserting the device's clinical evidence of safety and efficacy, while seeking dismissals of certain design defect claims, arguing learned intermediary doctrine and adequate warnings to surgeons. Broader concerns have arisen from Hologic's handling of adverse events, including delayed reporting and discontinuation of BioZorb distribution in October 2024 without fully resolving implanted device risks, prompting FDA criticism for insufficient post-market surveillance. No large-scale class actions have consolidated as of late 2025, with litigation proceeding individually or in multidistrict proceedings focused on proving proximate causation between the device's pleated structure and patient harms. Hologic maintains commitment to patient support, including explant assistance, amid ongoing federal scrutiny.

Recent Corporate Events

2025 Acquisition by Blackstone and TPG

On October 21, 2025, Hologic announced a definitive agreement to be acquired by private equity firms and in a take-private transaction valued at approximately $18.3 billion, including assumed debt. Under the terms, and TPG will pay $76 per share in cash for all outstanding shares of Hologic's , representing a premium of nearly 6% to the stock's closing price on October 18, 2025, the last trading day before the announcement. Shareholders will also receive a non-tradable contingent value right (CVR) worth up to $3 per share, contingent on Hologic achieving specified revenue milestones in the post-closing period, potentially bringing the total consideration to $79 per share. This structure implies an aggregate premium of about 46% relative to Hologic's closing share price of $54.25 on May 23, 2025, a date cited by the company as reflective of pre-negotiation trading unaffected by speculation. The transaction, unanimously approved by Hologic's following a strategic review process, is expected to close in the first half of 2026, subject to customary closing conditions including regulatory approvals under the Hart-Scott-Rodino Act and shareholder approval. Blackstone and TPG have secured committed debt financing commitments totaling up to $12.25 billion from a syndicate of lenders to support the deal, underscoring interest in Hologic's portfolio in diagnostics, imaging, and surgical devices amid growing demand in these sectors. Hologic's CEO stated that the partnership would provide resources to accelerate innovation and expand global reach in , while the acquiring firms highlighted the company's strong market position and potential for operational enhancements under private ownership. The marks one of the largest transactions in the medtech space focused on to date, joining a surge in leveraged buyouts exceeding $700 billion year-to-date in 2025.

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