Pharma BD Deal Intelligence
Hologic paid $1.65B for Cynosure in 2017, wrote off $685.7M in goodwill within 13 months, and sold the business for $205M (net ~$142M cash) in 2019 — one of the clearest failed diversifications in recent medtech M&A history.
Full analysis, sources & comparables →Hologic moves into aesthetics market with $1.65B purchase of Cynosure, betting that women's-health channel synergies will unlock MonaLisa Touch in the OB/GYN…
Hologic announces sale of Cynosure to CD&R for $205M in cash with an additional pre-tax impairment charge of $155-185M, formalizing the strategic retreat from…
Hologic unloads underperforming Cynosure medical aesthetics unit to Clayton, Dubilier & Rice for $205M after a $732M writedown in 2018 — completing one of the…
Source summaries from our enrichment pipeline; follow links for originals.
All 5 sources with sentiment breakdown →
Hologic agreed to acquire Cynosure for $66.00/share in cash, equity value approximately $1.65B (enterprise value $1.44B net of cash). The acquisition extended Hologic's diagnostics-led women's health franchise into medical aesthetics, including the MonaLisa Touch system for vaginal health. Acquisition completed March 22, 2017.
Hologic paid $1.65B for Cynosure in 2017, wrote off $685.7M in goodwill within 13 months, and sold the business for $205M (net ~$142M cash) in 2019 — one of the clearest failed diversifications in recent medtech M&A history.
Assessment window: 5yr post-close.
| Deal | Year | Value | Outcome |
|---|---|---|---|
| Hologic, Inc. / Cynosure, Inc. (this deal) | 2017 | $1.6B | 12 |
| Hologic, Inc. / Gen-Probe Incorporated | 2012 | $3.8B | 78 |
| Hologic, Inc. / Third Wave Technologies, Inc. | 2008 | $580M | 36 |
| Ciba-Geigy AG / Sandoz AG | 1996 | $36.3B | 98 |
| Sanofi SA / Regeneron Pharmaceuticals, Inc. | 2007 | $1.0B | 97 |
| AbbVie Inc. / Boehringer Ingelheim GmbH | 2016 | $2.2B | 95 |
| Amgen Inc. / Immunex Corporation | 2001 | $16.0B | 91 |
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More: 2017 deals · Hologic, Inc. deals · Dermatology deals