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Home » Business, Policy & Funding » Business News » Hologic to Acquire Finnish MDx Firm Mobidiag for Approximately $795M

Hologic to Acquire Finnish MDx Firm Mobidiag for Approximately $795M

Apr 08, 2021
|
staff reporter

NEW YORK ─ Hologic said on Thursday that it has inked an agreement to acquire Mobidiag, a developer of molecular diagnostic tests and instrumentation, for approximately $795 million.

The deal includes a cash payment of approximately $714 million for Mobidiag’s equity, and net debt of approximately $81 million, Marlborough, Massachusetts-based Hologic said. It added it anticipates financing the deal with cash on hand and borrowing from an existing line of credit.

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