August 9, 2010
Hologic Acquires Software Firm For $85M
By Matthew L. Brown
Hologic Inc., a Bedford-based medical technology firm, has acquired Sentinelle Medical Inc. for $85 million.
Toronto-based Sentinelle is a maker of MRI breast coils, tables and other visualization software. Hologic focuses on the women's health industry.
In addition to the $85 million, Hologic will make a two-year contingent earn-out payment in cash installments. The amount of those payments will be tied to the company's revenue growth in the two years following the closing of the acquisition.
Hologic established offices in Marlborough after acquiring Cytyc Corp., which was based there, in 2007 for about $580 million.
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