Blackstone, TPG Complete $17.2B Acquisition of Hologic

Private equity firms secure financing and regulatory approvals for the deal.

Apr. 7, 2026 at 8:38pm

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A minimalist studio photograph featuring a polished chrome medical device, a glass beaker filled with vibrant blue liquid, and a stack of medical files, conceptually representing the intersection of healthcare technology and data analytics.The $17.2 billion acquisition of Hologic by private equity firms Blackstone and TPG signals growing investor interest in the lucrative medical diagnostics industry.Marlborough Today

Funds managed by Blackstone Inc., TPG Global, LLC, along with Abu Dhabi Investment Authority and GIC Private Limited, have completed their $17.2 billion acquisition of medical diagnostics firm Hologic, Inc. The deal, first announced in October 2025, received shareholder and regulatory approvals, including from China and the European Union.

Why it matters

The acquisition of Hologic, a major player in women's health and diagnostic testing, marks a significant move by Blackstone and TPG to expand their healthcare portfolio. It also signals continued private equity interest in the medical technology sector.

The details

Under the terms of the deal, Hologic shareholders will receive $76 per share in cash, plus a contingent value right of up to $3 per share based on revenue milestones. Blackstone and TPG have secured $12.25 billion in debt financing from major banks to fund the transaction. Hologic will maintain its headquarters in Marlborough, Massachusetts and continue operating under the Hologic name and brand.

  • The deal was first announced on October 21, 2025.
  • Hologic shareholders approved the merger on February 5, 2026.
  • The European Commission approved the acquisition on February 16, 2026.
  • The transaction closed on April 7, 2026.

The players

Blackstone Inc.

A global investment firm and one of the world's largest alternative asset managers.

TPG Global, LLC

A leading global alternative asset firm with investments across private equity, growth equity, real estate, and other asset classes.

Hologic, Inc.

A medical technology company focused on women's health and diagnostic testing.

José (Joe) E. Almeida

The newly appointed Chief Executive Officer of Hologic, succeeding Stephen MacMillan.

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What they’re saying

“We are excited to partner with Hologic's talented team to build on the company's strong foundation and drive continued innovation and growth.”

— José (Joe) E. Almeida, Chief Executive Officer, Hologic

What’s next

Hologic will continue operating under its existing brand and leadership, with a focus on expanding its diagnostic testing and women's health product offerings.

The takeaway

The Blackstone and TPG acquisition of Hologic highlights the continued interest of private equity firms in the medical technology sector, as they seek to capitalize on the growing demand for advanced diagnostic and women's health solutions.