Hologic acquires Somatex for $64M

By AuntMinnie.com staff writers

January 4, 2021 -- Hologic has acquired Somatex Medical Technologies, a firm specializing in biopsy site markers and localization technologies.

The acquisition is valued at approximately $64 million and includes Somatex's Tumark line of tissue markers, which Hologic had already distributed in the U.S. Somatex was previously owned by E-Med Solutions of Berlin, and Hologic expects Somatex to generate about $13 million in revenue in 2020.

The acquisition expands Hologic's breast market portfolio, helping to support the company's strategy to provide a suite of products to address the continuum of breast health. It also strengthens Hologic's sales presence in Europe, including through expanding its direct channel in Germany.

Copyright © 2021 AuntMinnie.com

To read this and get access to all of the exclusive content on AuntMinnie.com create a free account or sign-in now.

Member Sign In:
MemberID or Email Address:  
Do you have a AuntMinnie.com password?
No, I want a free membership.
Yes, I have a password:  
Forgot your password?
Sign in using your social networking account:
Sign in using your social networking