Hologic acquires Mobidiag for $795M

2019 08 20 21 43 1377 Hologic Aacc 2019 400

Hologic announced it has agreed to acquire Mobidiag, a privately held, commercial-stage Finnish-French developer of innovative molecular diagnostic tests and instrumentation.

The deal includes a cash payment of approximately $714 million for Mobidiag's equity and net debt of approximately $81 million.

Mobidiag develops and markets polymerase chain reaction (PCR)-based tests for acute care conditions such as gastrointestinal and respiratory infections, antimicrobial resistance management, and healthcare-associated infections. The Amplidiag and Novodiag platforms are automated instruments that deliver rapid turnaround times ranging from 50 minutes to two hours.

Mobidiag generated approximately $42 million in revenue in calendar year 2020. Hologic said it intends to invest in assay development to drive growth of the Novodiag platform.

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