By Sabrina Valle and Mariam Sunny

Bengaluru: Private equity firms Blackstone and TPG on Tuesday said they will buy medical diagnostics firm Hologic for $18.3 billion including debt, in the largest medical devices deal in almost two decades.

The buyout shows how the split in market valuations in the United States - companies in AI are highly valued, while sectors like healthcare, industrials and consumer products are undervalued - is creating opportunities for private equity firms to buy large publicly traded companies outright.

It also illustrates how easier access to financing is helping private equity firms do bigger deals. If approved by regulators, Hologic - which specializes in women's health diagnostics, including breast and cervical cancer screening - will be delisted f

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