M&A Deal Summary

Hologic Acquires Suros Surgical Systems

On July 27, 2006, Hologic acquired medical products company Suros Surgical Systems from SightLine Partners for 240M USD

Acquisition Highlights
  • This is Hologic’s 6th transaction in the Medical Products sector.
  • This is Hologic’s 8th largest (disclosed) transaction.
  • This is Hologic’s 5th transaction in the United States.
  • This is Hologic’s 1st transaction in Indiana.

M&A Deal Summary

Date 2006-07-27
Target Suros Surgical Systems
Sector Medical Products
Buyer(s) Hologic
Sellers(s) SightLine Partners
Deal Type Add-on Acquisition
Deal Value 240M USD
Advisor(s) Periculum Capital Company LLC (Financial)

Target

Suros Surgical Systems

Indianapolis, Indiana, United States
Suros Surgical Systems, Inc., is a medical device manufacturer of minimally invasive interventional breast biopsy technology for biopsy, tissue removal and biopsy site marking.

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Buyer(S) 1

Buyer

Hologic

Marlborough, Massachusetts, United States

Category Company
Founded 1985
Sector Medical Products
Employees6,944
Revenue 4.0B USD (2023)
DESCRIPTION
Hologic's corporate headquarters in Marlborough, Massachusetts.
Hologic's corporate headquarters in Marlborough, Massachusetts.

Hologic is a developer, manufacturer and supplier of premium diagnostic products, medical imaging systems, and surgical products, with an emphasis on serving the healthcare needs of women throughout the world. Hologic was formed in 1985 and is based in Marlborough, Massachusetts.


DEAL STATS #
Overall 6 of 25
Sector (Medical Products) 6 of 19
Type (Add-on Acquisition) 5 of 23
State (Indiana) 1 of 1
Country (United States) 5 of 18
Year (2006) 3 of 3
Size (of disclosed) 8 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-13 R2 Technology

Santa Clara, California, United States

R2 Technology, Inc., is a provider in the development and commercialization of computer-aided detection (CAD), an innovative technology that assists physicians in the earlier detection of breast cancer, actionable lung nodules and other lung abnormalities.

Buy $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-19 BioLucent

Aliso Viejo, California, United States

BioLucent LLC is a women’s health company dedicated to the early detection of breast cancer. BioLucent develops, markets and sells a breast cushion, MammoPad, to decrease the discomfort associated with mammography. BioLucent's primary research and development efforts are directed at its brachytherapy business which is focused on breast cancer therapy.

Buy $70M

Seller(S) 1

SELLER

SightLine Partners

Bloomington, Minnesota, United States

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2004
Size Small
Type Sector Focused
DESCRIPTION

SightLine Partners is a private investment firm that targets early to late stage investments in growing healthcare and medical technology companies. Depending on the maturity of the company, Sightline will invest between $2 and $8 million per transaction. SightLine prefers US based opportunities. SightLine Partners LLC was formed in 2004 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 9 of 16
Sector (Medical Products) 9 of 15
Type (Add-on Acquisition) 7 of 12
State (Indiana) 1 of 1
Country (United States) 9 of 16
Year (2006) 2 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-09 Solarant Medical

Livermore, California, United States

Solarant Medical, Inc. provides innovative technology to cure female stress urinary incontinence.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-10 Spine Wave

Shelton, Connecticut, United States

Spine Wave is a medical device company focused on the development and marketing of clinical solutions for three of the largest and fastest growing spinal market segments: nuclear replacement and augmentation, vertebral compression fracture repair and spinal fusion.

Buy -