Hologic completes Sentinelle acquisition

AuntMinnie.com staff writers
Aug 5, 2010

Women's healthcare vendor Hologic of Bedford, MA, has closed on its acquisition of MRI technology developer Sentinelle Medical of Toronto for $85 million.

The transaction includes a two-year contingent earn-out, which will be payable in cash installments equal to a multiple of the incremental revenue growth in Sentinelle Medical's business in the two years following the August 5 closing date.

Sentinelle Medical develops breast imaging technologies using high-field MRI for the early detection of breast cancer, in addition to developing patient tables and visualization software. In 2009, Sentinelle Medical achieved revenues of approximately $15 million.

Related Reading

Hologic grows sales, though profit slips, August 2, 2010

Hologic secures panel date for tomo PMA, July 27, 2010

Hologic to buy breast MR firm Sentinelle for $85M, July 6, 2010

Sentinelle touts breast MRI coils, December 1, 2009

Sentinelle, Ultrasonix partner on new system, November 30, 2009

Sentinelle signs deal with Calgary Scientific, June 5, 2009

Copyright © 2010 AuntMinnie.com

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