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BioWorld - Saturday, February 4, 2023
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Home » Hologic to sell off 'underperforming' Cynosure, will focus on tuck-ins
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Hologic to sell off 'underperforming' Cynosure, will focus on tuck-ins

Nov. 20, 2019
By Liz Hollis
No Comments
Roughly two and half years after it picked up Cynosure, Hologic Inc., of Marlborough, Mass., has reported its intention to sell it to private equity firm Clayton, Dubilier & Rice (CD&R) for a total purchase price of $205 million in cash, subject to certain closing adjustments. The company expects net cash proceeds of about $138 million. CD&R Partner Derek Strum expressed enthusiasm about the deal, noting that his firm expects “to continue to invest behind the company's strong brand and large global installed base to accelerate growth via expanded sales & marketing efforts and bring new products and technologies to market[.]”
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