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Hologic Continues Spending Spree With $230M Tuck-In Acquisition Of Biotheranostics

 
• By Marion Webb

Hologic’s recent buy-outs put it in a strengthened growth and competitive position beyond COVID.

Mergers and acquisition

Hologic, Inc. announced its second acquisition this week and plans to spend $230m for the privately held diagnostics maker BioTheranostics, Inc. to align the company’s broader corporate focus on women’s health. This follows Hologic’s $64m acquisition of SOMATEX Medical Technologies GmbH, which develops minimally invasive devices for tumor diagnostics, biopsy and interventional specialties, announced on 4 January.(Also see "Hologic Acquires Somatex Medical For $64M To Expand Breast Health Care, European Sales Presence" - Medtech Insight, 4 January, 2021.)

“Acquiring Biotheranostics enables us to jump-start our entry into a large, fast-growing oncology adjacency that fits perfectly with our broader corporate focus and passion for women’s health,” said Kevin Thornal, Hologic’s division president, diagnostics

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