Women's imaging vendor Hologic of Bedford, MA, said it has completed its acquisition of Suros Surgical Systems.
Suros of Indianapolis is a manufacturer of minimally invasive surgical technologies focused on breast biopsy and tissue removal.
Under terms of an agreement signed earlier this year, the purchase price for the transaction is approximately $240 million, with approximately $135 million in cash and the rest in 2.33 million shares of Hologic common stock. In addition, an earn-out will be payable in two annual cash installments equal to the incremental revenue growth in Suros Surgical's business in the two years following the closing, Hologic said.
By AuntMinnie.com staff writers
July 28, 2006
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