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Hologic completed the acquisition of Cynosure for $1.65bn.

Synopsis

Hologic, a women's health company, completed the acquisition of Cynosure, a medical aesthetics systems and technologies company, for $1.65bn. "Acquiring Cynosure will accelerate our transformation into a higher-growth company by leveraging our core women's health expertise and OB/GYN channel leadership into an adjacent, cash-pay segment that is expanding at a low double-digit rate. We had identified medical aesthetics as an attractive and complementary growth opportunity through our strategic planning process, and are pleased to have agreed to acquire Cynosure, the best-in-class company in the space. Together, we can strengthen our shared focus on innovation, market-leading products with demonstrated clinical benefits, and strong customer relationships," Steve MacMillan, Hologic Chairman, President and CEO.

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