Worcester Business Journal

wbjournal.com | November 17, 2025 | Worcester Business Journal 5 BY MICA KANNER-MASCOLO WBJ Staff Writer M edical device manufacturer Hologic is going from a publicly traded company to a private business as the Marlborough-based firm is to be acquired for up to $18.3 billion by multinational alternative asset managers Blackstone of New York City and TPG of San Francisco. "With their resources, expertise and commitment to women's health, Blackstone and TPG will help accelerate our growth and enhance our ability to deliver critical medical technologies to customers and their patients around the world," Stephen MacMillan, Hologic's chairman, president and CEO, said in an Oct. 21 press release. e acquisition will see Blackstone and TPG pay shareholders up to $79 per share: $76 of which is guaranteed, with up to an additional $3 per share contingent on Hologic's breast health business meeting certain revenue goals in fiscals I N B R I E F AI acquisition "By combining infrastructure cleared for industrial development in India with our AI energy-technology stack and new battery tech, we're creating a new blueprint for sustainable industrial growth — where logistics, energy and intelligence sit on the same platform." Bhaskar Panigrahi, CEO and chairman of ConnectM Technology Solutions in Marlborough, on the company's acquisition of Geo Impex & Logistics, an India-based logistics developer EV market "As we reset our outlook to reflect lower near-term demand in the U.S. EV market, we remain focused on the elements within our control." Grant Thoele, CFO of Aspen Aerogels, on the Northborough-based company looking to foreign EV markets following a $6.3-million net loss in its third quarter Inaugural CMO "Jamie's leadership and understanding of the cybersecurity ecosystem make her a great addition to our executive team. Her experience connecting marketing, partnerships, and business growth will help us reinforce the trusted relationships that define SideChannel." Brian Haugli, CEO SideChannel, on the Worcester-based cyberse- curity tech firm naming Jamie Wolf its first chief marketing officer. Pictured is Wolf. Hologic to be acquired for $18.3B by Blackstone, TPG 2026 and 2027. "is transaction delivers immediate and compelling value to Hologic stockholders, reflecting the dedication of our employees whose hard work has made this milestone possible," MacMillan said in the release. As part of its definitive agreement, Hologic has now entered into a 45- day go-shop period during which the public company may entertain other purchase offers; the manufacturer will be allowed to terminate its agreement with Blackstone and TPG if the company receives a superior bid. e acquisition is expected to be completed in the first half of 2026, at which time Hologic will be delisted from the Nasdaq stock market. On the morning of Oct. 21, Hologic's stock was trading at $74.42 per share, an increase of 3.5% since the announcement of the purchase. e manufacturer will continue to operate out of Marlborough and under the name Hologic. "Hologic is an outstanding global leader in advancing women's health, with a longstanding reputation for groundbreaking and high-quality medical device and diagnostic products. We have closely followed the company for many years and long admired the positive impact its life-changing technologies have had for millions of patients worldwide. We are thrilled to partner with its highly talented and capable employees, alongside TPG, to further invest in Hologic's continued product innovation and growth," Ram Jagannath, a Blackstone senior managing director, said in the release. Hologic is using Goldman Sachs & Co. as its financial advisor and Wachtell, Lipton, Rosen & Katz as legal counsel, both headquartered in New York City. Blackstone and TPG are using New York City-based Citi as financial advisor, Chicago-based Kirkland & Ellis as legal counsel and Boston-based Ropes & Gray as healthcare regulatory counsel. W Hologic headquarters in Marlborough PHOTOS | COURTESY HOLOGIC Stephen MacMillan, chairman, president and CEO of Hologic Hologic primarily specializes in women's health, including making equipment to detect breast cancer.

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