Hologic to Acquire Breast Cancer Surgery Technology Firm Endomagnetics For $310 Million-June 2024-www.financetom.com

Hologic to Acquire Breast Cancer Surgery Technology Firm Endomagnetics For $310 Million

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Hologic to Acquire Breast Cancer Surgery Technology Firm Endomagnetics For $310 Million

Apr 29, 2024 3:22 PM

05:58 PM EDT, 04/29/2024 (MT Newswires) -- Hologic ( HOLX ) said late Monday it agreed to acquire Endomagnetics for about $310 million.

UK-based Endomagnetics develops and sells breast surgery localization and lymphatic tracing technologies.

Hologic ( HOLX ) said it expects the acquisition to be "slightly dilutive" to its fiscal 2024 non-GAAP per-share earnings, break even in fiscal 2025 and accretive thereafter.

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