Hologic to acquire French ultrasound firm for $85M
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Hologic's Marlborough headquarters
Marlborough medical device company Hologic has made an $85-million offer to acquire France breast imaging firm SuperSonic Image.
Hologic announced the binding offer last week to acquire SuperSonic Image, a manufacturer of cart-based ultrasound products used in diagnosing breast cancer in women with dense breasts.
The deal includes $42 million for SuperSonic outstanding shares, warrants and options as well as up to $43 million to repay the company’s net 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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