Hologic makes offer for remainder of French ultrasound firm to complete $85M deal
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Hologic's Marlborough headquarters
Marlborough medical device maker Hologic has made a final offer to acquire the remaining shares of a French ultrasound manufacturer about a month after purchasing nearly half of the company’s shares.
The offer comes after Hologic on Aug. 2 announced purchasing 46% of SuperSonic Imagine’s shares for about $18 million.
Via a French press release last week, Hologic and SuperSonic announced the offer for the company’s remaining shares at the same price of $1.64 per share.
Hologic said in June that the total acquisition price would be about $85 million, including $42 million in cash and $43 million to repay SuperSonic Imagine’s debt.
According to Hologic, the deal will allow the company to enter into the $450 million market for cart-based global breast ultrasound systems as the technology is being used as a supplement to mammography.
SuperSonic’s products will complement the Viera ultrasound scanner Hologic is commercializing via an agreement with Clarius Mobile Health of Canada.
Hologic now plans to commercialize SuperSonic’s products in the U.S., where Hologic does most of its business, as just 15% of SuperSonic’s $29 million 2018 revenue was in the U.S.
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