Blackstone and TPG are set to acquire Hologic for $18.3 billion in the largest medical devices deal since 2006, facilitated by improved credit markets and lower borrowing costs, which enable larger private equity buyouts in undervalued healthcare sectors.
Blackstone and TPG are set to acquire Hologic for up to $18.3 billion, including debt, at a 15% premium, with minority stakes taken by Abu Dhabi Investment Authority and GIC, highlighting active private equity dealmaking in the healthcare sector.
Hologic is set to be acquired by Blackstone and TPG for up to $79 per share, including a $76 cash payment and a contingent value right of up to $3 per share, in a deal valued at approximately $18.3 billion, aimed at strengthening its leadership in women's health and accelerating growth.
Blackstone and TPG are in advanced negotiations to acquire Hologic for over $17 billion, with a potential deal announcement soon, though the final agreement is not yet confirmed.