Hologic Acquires Gen-Probe in $3.7B Cash Deal

Matthew Skoufalos | | Radiology Business | Business Intelligence
In a massive cash deal announced today, imaging device maker Hologic will acquire the assets of molecular diagnostics manufacturer Gen-Probe for about $3.7 billion. The deal is expected to close by year’s end 2012. The combined company will operate in 150 countries. From a technological perspective, the deal centers on the Gen-Probe TIGRIS and PANTHER instruments, APTIMA-branded assays, which will supplement the Hologic portfolio of diagnostic imaging equipment for women’s health. Within three years, Hologic believes operations at the two companies could be consolidated to save around $75 million in costs while generating enough liquidity to lower their debts to pre-merger levels.

Matthew Skoufalos

Related Content

Orano Med breaks ground on $265M thorium production site
Image-interpretation market scoreboard: Radiologists 72%, others 28%
Lantheus lands rights to budding radiopharmaceuticals for initial outlay of $35M
17 short-term strategies to address the national radiologist shortage
‘SR’ onboards another independent practice, its 1st in the Natural State
Analysis: Allied radiology professionals generate millions of dollars per year in indirect revenues alone

Around the web

Health Imaging
Nearly $800,000 settlement offered to family of man who died during MRI exam

The patient, who was being cared for in the ICU, was not accompanied or monitored by nursing staff during his exam, despite being sedated.

Cardiovascular Business
Global shortage of nuclear imaging isotopes may be over

The nuclear imaging isotope shortage of molybdenum-99 may be over now that the sidelined reactor is restarting. ASNC's president says PET and new SPECT technologies helped cardiac imaging labs better weather the storm.

Cardiovascular Business
‘A huge win’: CMS significantly increases Medicare payments for cardiac CT

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.