Please do not leave this page until complete. This can take a few moments.
As the head of a public company with more than 6,500 worldwide employees and more than $3.3 billion in annual revenue, Stephen MacMillan has held considerable power since he became CEO in 2013. That influence played out in new ways during the coronavirus pandemic, as Hologic was one of the first companies to develop a way to quickly do mass testings for COVID-19 infections in patients.
Advanced types of testing was key to demystifying the disease in the early stages of the pandemic, as well as the effort to control its spread. Demand for products from Hologic’s testing division led its revenues to rise more than 90% in the first quarter of 2021 alone, as the company became a bigger player in this space.
Outside of Hologic’s COVID efforts, MacMillan led the company has it undertook major acquisitions, such as San Diego cancer test company Biotheranostics for $230 million, German biopsy firm SOMATEX Medical Technologies GmbHfor $64 million, and Finnish-French testing and instrumentation company Mobidiag Oy for $795 million. The company continues to diversify its product offerings, a sign of the strength MacMillan has brought to Hologic, which had been struggling before his time as CEO.
See the rest of the Power 50, Class of 2021
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments