Hologic goes private: Blackstone, TPG close buyout and name José Almeida CEO
Hologic is no longer public. The company wrapped up its sale to Blackstone and TPG, with the women’s health and diagnostics firm now in private-equity hands—José Almeida, previously at Baxter, will take the helm. Equityholders are getting about $17.3 billion in cash, according to an April 7 filing. This close means a familiar medtech player disappears from both Nasdaq and the S&P 500. S&P Dow Jones is set to drop Hologic from the index before trading starts Thursday. Reuters called the October deal one of the largest medical-device transactions in nearly 20 years.