Hologic Completes $64M Acquisition of Somatex; Street Sees 24% Upside
January 05 2021 - 02:49AM
TipRanks
Hologic has announced the completion of Somatex Medical
Technologies GmbH, a biopsy site markers and localization
technologies provider, for approximately $64 million. Hologic
(HOLX) said that the Somatex deal will help the company expand its
growing biopsy portfolio. The deal is in-line with the medical
technology company's strategy to offer “innovative solutions across
the continuum of breast health care.” The acquisition is expected
to be slightly accretive to Hologic's adjusted earnings at the
beginning of the current fiscal year.
https://www.tipranks.com/news/hologic-completes-64m-acquisition-of-somatex-street-sees-24-upside