Citing Underperformance, Hologic Sells Cynosure Medical ... Now two years after acquiring Cynosure for $1.65 billion, Hologic is selling the business to an affiliate of investment funds managed by Clayton, Dubilier & Rice for $205 million. Hologic is hiring a Global Head of Quality, with an estimated salary of $200,000 - $250,000. Hologic, Inc., a leader in women's health, and Cynosure, Inc. (Nasdaq: CYNO), a leader in medical aesthetics systems and technologies, announced today they have signed a definitive agreement for Hologic to acquire all outstanding Cynosure shares for $66.00 per share in cash, which corresponds to an equity value of approximately $1.65 billion and an enterprise … Cynosure The company expects net cash proceeds of about $138 million. They assured me they only sell to … Hologic, Inc. HOLX recently completed the earlier-announced divestiture of the Cynosure medical aesthetics business. Hologic said it sold Westford-based Cynosure to the private equity firm Clayton, Dubilier & Rice, acknowledging that its $1.6 billion decision to buy the company had been a bust. Hologic makes $732M write-down as recent $1.6B Cynosure ... CD&R to buy Cynosure. Hologic, which focuses on women’s health, agreed to pay $66 per Cynosure share, a premium of about 28 percent to its Monday close. Did Hologic Sells Cynosure? We both enjoy strong consultative relationships with our professional customers and help build their businesses through direct patient outreach. Hologic Hologic Announces Financial Results for Third Quarter of Fiscal 2020. 04 Jan 2020. Hologic 2003 Cynosure Acclaim 7000. Hologic, Inc. (HOLX) ... Hologic Completes Cynosure Buyout, Boosts Core Business . Hologic, Inc. (Nasdaq: HOLX) announced today that it has completed the previously announced divestiture of its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier Rice for a total purchase price of $205 million in cash, less certain closing adjustments. — Revenue of $822.9 Million Declines 3.5% due to Cynosure Divestiture, 3.1% in Constant Currency —. Providers - Enhance your practice. Hologic Announces Financial Results for Third Quarter of Fiscal 2020. Cynosure, Inc. (CYNO), announced that it has entered into a definitive merger agreement with Hologic, Inc. (HOLX). On a sequential basis, Cynosure sales declined versus our first Hologic, which focuses on women’s health, agreed to pay $66 per Cynosure share, a premium of about 28 percent to its Monday close. Hologic (NSDQ:HOLX) announced today that it entered into a definitive agreement to sell its Cynosure medical aesthetics business in a … Hologic An investor in NASDAQ:CYNO shares filed a lawsuit against the proposed buyout of Cynosure, Inc. by Hologic, Inc for $66.00 per share. Hologic We help people discover their Beautiful. Grifols is a global healthcare company and biopharmaceutical manufacturer. Cynosure’s PicoSure laser treats at three wavelengths: 532nm, 755nm, and 1064 nm, making it ideal for treatment of pigmentary conditions. Hologic has entered into a definitive agreement to sell Cynosure to an affiliate of investment funds managed by Clayton, Dubilier & Rice for a total purchase price of $205 million in cash, subject to certain closing adjustments. Investors who purchased shares of Cynosure, Inc. (NASDAQ:CYNO) and currently hold any of those NASDAQ:CYNO shares have certain options and should contact the Shareholders Foundation at … MARLBOROUGH, Mass., July 11, 2018 /CNW/ -- Hologic's (Nasdaq: HOLX) Cynosure division announced today the North American launch of TempSure ™ Vitalia, an FDA-cleared and Health Canada-approved advanced radiofrequency treatment. Grifols was founded in 1940 and is based in Barcelona, Spain. Net of these adjustments, Hologic expects net cash proceeds of approximately $138 million. “Divesting our medical aesthetics business will enable us to focus on what we do best – helping women and their families live healthier lives through early detection of disease” Hologic’s management will host a conference call at 4:30 p.m. Cynosure launches “Be strong. ET today to discuss its financial results for the fourth quarter of fiscal 2021. , March 22, 2017 / PRNewswire / - Hologic, Inc. (Nasdaq: HOLX) announced today that it has completed the acquisition of Cynosure, Inc., a leader in medical aesthetics systems and technologies, for $66 per share in … With the addition of the Focus ™ Lens Array, you’ll be able to treat stubborn skin conditions in addition to removing tattoos. Women's health device maker Hologic intends to acquire Cynosure for $1.65 billion. Cynosure was supposed to be Hologic’s beauty, but the medical aesthetics company ended up being a beast after it significantly underperformed. Hologic said Wednesday it entered into a deal to sell off Cynosure, the underperforming medical aesthetics business it purchased for $1.6 billion in 2017. Get started today by locating a Cynosure provider near you. Hologic, Inc. HOLX is slated to report second-quarter fiscal 2020 results on Apr 29, after the closing bell.In the last reported quarter, the … Hologic’s shares were down about 3.6 percent at … Hologic ultimately sold Cynosure for $205 million at the end of the year, a fraction of the $1.6 billion it spent to acquire the company in 2017. Cynosure sells its products through a combination of direct sales and distributors in over 130 countries. The Merger Agreement contains customary termination rights for both Hologic and Cynosure, including, among others, for failure to consummate the Offer on or before August 14, 2017. On November 20, 2019, Hologic announced the divestment of Cynosure to Clayton, Dubilier & Rice for $205 million; this was completed on December 30, 2019. … Cynosure has a broad portfolio of more than 20 products across major categories including non-invasive body contouring, hair removal, skin revitalization and women's health. Expand your services. This is a solid improvement from the greater than 5 leverage ratio of the company in 2012. Hologic: Breakthrough Diagnostic & Medical Imaging Solutions Hologic, Inc. (Nasdaq: HOLX) and Cynosure, Inc. (Nasdaq: CYNO), ... Cynosure sells its products through a combination of direct sales and distributors in over 130 countries. - Transaction Provides Entry into Large, Fast-Growing Medical Aesthetics Market, Boosts Hologic's Growth Rate - MARLBOROUGH, Mass. Hologic, Inc. is a medical technology company primarily focused on women’s health; it sells medical devices for diagnostics, surgery, and medical imaging. Despite cynosure acquisition, Hologic has managed to maintain its net debt-to-EBITDA ratio close to 3. ... it sells medical devices for diagnostics, surgery, and medical imaging. We both sell differentiated market-leading products that are backed by strong clinical data. “Hologic is off to a good start in fiscal 2020 based on strength in our core businesses and the divestiture of Cynosure,” said Karleen … Hologic completed the Cynosure acquisition for $66.00 per share in cash, which corresponds to an equity value of $1.65 billion. Cynosure has agreed to be purchased for $1.65 billion, or $66 per share. It also sells its products through international distributors in approximately 120 other countries. In negotiations with the Company's board of … Shares of Cynosure were up about 28 percent at $65.90 in morning trading, slightly below Hologic’s offer of $66 per share. Cynosure sells more than 20 products, including a laser that removes freckles and tattoos, a device that is designed to reduce fat above the hips in non-obese people, and a hair-removal product. Hologic, Inc. today announced that it has acquired the following companies: 3D Virtual Cut and Tweak. The company has a direct sales force in the United States, Canada, France, Morocco, Germany, Spain, the United Kingdom, Australia, China, Japan and Korea, and also sells its products through international distributors. And enjoy all the the benefits of partnership. The company has a history of organic innovation, most recently with the introduction of SculpSure®, the world's first FDA-cleared laser treatment for non-invasive body contouring. Cynosure sells its products through a combination of direct sales and distributors in more than 130 countries and supports its provider partners with … Diagnostic products developer Hologic has agreed to sell its Cynosure medical aesthetics business for a total cash consideration of $205m. Hologic, Inc. announced that it has entered into a definitive agreement to sell its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier & Rice for a total purchase price of $205 million in … Alkahest is focused on developing therapies derived from blood to treat neurological diseases, with an emphasis on the age-related cognitive decline key medical challenges. Hologic Inc. threw analysts and investors for a loop this week with its $1.65 billion proposal to buy aesthetic technology maker Cyosure Inc., a deal that would place Hologic in a new, albeit fast-growing cash-pay segment.. A total of 3 acquisitions came from private equity firms.It has also divested 4 assets.. Hologic’s largest acquisition to date was in 2007, when it acquired Cytyc for $6.2B.It’s largest disclosed sale occurred in 2016, when it sold Hologic - NAT to Grifols SA for $1.9B. Hologic Inc said on Tuesday that it would acquire medical aesthetics company Cynosure Inc for $1.65 billion. November 20, 2019 Citing Underperformance, Hologic Sells Cynosure Medical Aesthetics Business for $205M The price is a tenth of the $1.6B that Hologic paid two years ago to acquire Cynosure. Industry’s finest. This is subject to regulatory approvals and other conditions. Cynosure’s portfolio includes 20 products across non-invasive body … Analysts were caught off guard by Hologic's $1.65 billion proposal to buy aesthetic company Cynosure.. Amanda Pedersen. Grifols is a global healthcare company and biopharmaceutical manufacturer. Cynosure sells its products through a combination of direct sales and distributors in more than 130 countries and supports its provider partners with … MARLBOROUGH, Mass.--(BUSINESS WIRE)-- Hologic, Inc. (Nasdaq: HOLX) announced today that it has entered into a definitive agreement to sell its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier & Rice for a total purchase price of $205 million in cash, subject to certain closing adjustments.Net of these … The Cynosure Medical Aesthetics business has been acquired by Hologic. Hologic. Hologic, Inc. is a medical technology company primarily focused on women’s health and beauty; it sells medical devices for surgery and medical imaging . In late November 2013, activist investor Carl Icahn disclosed a 12.5% stake in the company. Subsequently, the company adopted a poison pill to prevent a hostile takeover. — Revenue of $822.9 Million Declines 3.5% due to Cynosure Divestiture, 3.1% in Constant Currency —. Patients - Ready to find your beautiful? Cynosure sells its products through a combination of direct sales and distributors in more than 130 countries and supports its provider partners with … MARLBOROUGH, Mass.--(BUSINESS WIRE)--Hologic, Inc. (Nasdaq: HOLX) announced today that it has entered into a definitive agreement to sell its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier & Rice for a total purchase price of $205 million in cash, subject to certain closing adjustments.Net of these … Hologic (NSDQ:HOLX) announced today that it entered into a definitive agreement to sell its Cynosure medical aesthetics business in a … MARLBOROUGH, Mass.–(BUSINESS WIRE)–Hologic, Inc. (Nasdaq: HOLX) announced today that it has entered into a definitive agreement to sell its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier & Rice for a total purchase price of $205 million in cash, subject to certain closing adjustments. Posted November 20th, 2019 for Hologic. Cynosure has a full line of light-based aesthetic treatment devices aimed primarily at female markets. Cynosure sells its products through a combination of direct sales and distributors in over 130 countries. In late November 2013, activist investor Carl Icahn disclosed a 12.5% stake in the company. Hologic announced a $1.65 billion plan to acquire body-sculpting firm Cynosure early Tuesday, a day after Allergan said it would buy fat-freezing Zeltiq. Hologic’s move into medical aesthetics isn’t going according to plan. This Sales Management & Operations job in Sales & Business Development is in San Diego, CA 92101. Hologic, Inc. (Nasdaq: HOLX) announced today preliminary revenue results for its first fiscal quarter ended December 25, 2021. The Company expects to report total revenues of approximately $1,471.1 million, a decrease of (8.6%) compared to the prior year period, or (8.2%) in constant currency. CD&R Partner Derek Strum expressed … Marlborough medical technology company Hologic has agreed to sell its medical aesthetics unit for $205 million, it announced Wednesday. Hologic stock has rallied from $29 to $57 off the recent bottom, significantly outperforming the S&P which moved 39%. Medical technology company Hologic has entered into a definitive agreement to sell its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier & Rice for US $205 million. Clayton, Dubilier & Rice said Nov. 20 that it agreed to buy Cynosure LLC from Hologic Inc. This Sales Management & Operations job in Sales & Business Development is in San Diego, CA 92101. A Massachusetts town is celebrating the birth of a new baby. In conjunction with Hologic’s recent acquisition of Faxitron Bioptics, … Under the terms of the agreement, approximately 825 employees will transfer with the Cynosure business. Hologic, which acquired Cynosure two years ago for $1.65bn, is selling the venture to an affiliate of investment funds managed by Clayton, Dubilier & Rice. Hologic, Inc. is a medical technology company primarily focused on women’s health; it sells medical devices for diagnostics, surgery, and medical imaging. Light years ahead. Hologic is hiring a Global Supply Chain Manager, with an estimated salary of $200,000 - $250,000. Hologic has acquired 22 companies, including 9 in the last 5 years. If all goes according to plan, … Hologic to Sell Cynosure Medical Aesthetics Business to Clayton, Dubilier & Rice. Grifols SA. Hologic (HOLX) expects to witness favorable outcomes from the sell-off of the Cynosure medical aesthetics business, which was its loss-making arm since 2017. Hologic Inc. HOLX, +1.03% said Wednesday it has agreed to sell its Cynosure medical aesthetics business to funds managed by private-equity firm Clayton, Dubilier & Rice for $205 million in cash. Roughly two and half years after it picked up Cynosure, Hologic Inc., of Marlborough, Mass., has reported its intention to sell it to private equity firm Clayton, Dubilier & Rice (CD&R) for a total purchase price of $205 million in cash, subject to certain closing adjustments. Hologic, Inc., a leader in women's health, and Cynosure, Inc. (Nasdaq: CYNO), a leader in medical aesthetics systems and technologies, announced today they have signed a definitive agreement for Hologic to acquire all outstanding Cynosure shares for $66.00 per share in cash, which corresponds to an equity value of approximately $1.65 billion and an enterprise … Beyond the numbers, Cynosure is a company that is like Hologic in many ways. As of Wednesday's close, Hologic shares are up 50% year to date following its acquisition of body-sculpting firm Cynosure. – Deal to Add Innovative BioZorb® marker to Hologic’s Breast Health Product Portfolio – Hologic, Inc. (Nasdaq: HOLX), a global leader in women’s health, announced today that it has signed a definitive agreement to acquire Focal Therapeutics, a privately-held company, for $125 million in cash. tNhKRX, faIAITT, tHwvanN, hRmU, eQuRhXg, sIQ, fhEC, fJYYfPd, EflS, IrQUTIb, zdUJcC,

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