Hologic to go private in up to $18.3 billion deal backed by Blackstone, TPG

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Blackstone and TPG have agreed to acquire medical diagnostics firm Hologic in a deal worth up to $18.3 billion, it said on Tuesday, marking one of the largest healthcare take-private transactions this year.

Under the agreement, Blackstone and TPG will pay $76 apiece in cash to acquire all outstanding Hologic shares, implying a premium of nearly 6% to the stock's last closing price.

Shareholders are also eligible for a non-tradable right to receive up to $3 per share, contingent on certain global revenue goals for its breast health business in fiscal years 2026 and 2027, bringing the total potential payout to $79 per share.

Hologic shares were up more than 4% in premarket tradin