Hologic Completes Divestiture of Cynosure Medical Aesthetics Business

MARLBOROUGH, Mass.--(BUSINESS WIRE)-- Hologic Inc. (Nasdaq: HOLX) announced today that it has completed the previously announced divestiture of its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier & Rice for a total purchase price of $205 million in cash, less certain closing adjustments. Net of these adjustments, Hologic received net cash proceeds at closing of approximately $142 million. The net cash proceeds received by Hologic at closing are based on current estimates of net working capital and other items and the purchase price remains subject to adjustment upon finalization pursuant to the terms of the purchase and sale agreement.