Hologic Adds Gynesonics' Sonata System In $350M Acquisition To Boost Fibroid Treatments
Portfolio Pulse from Vandana Singh
Hologic Inc (NASDAQ:HOLX) has agreed to acquire Gynesonics, Inc. for $350 million to enhance its fibroid treatment offerings. Gynesonics' Sonata System offers a minimally invasive solution for uterine fibroids. Analysts believe the acquisition will not significantly impact Hologic's operating margins but will expand its product suite. Hologic is expected to report its fiscal fourth-quarter earnings in early November, with analysts forecasting adjusted EPS of $1.01 and revenues of $977.05 million.
October 14, 2024 | 6:07 pm
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Hologic Inc is acquiring Gynesonics for $350 million to enhance its fibroid treatment offerings with the Sonata System. This acquisition is expected to expand Hologic's product suite without significantly impacting operating margins. Analysts maintain an Outperform rating.
The acquisition of Gynesonics by Hologic is a strategic move to enhance its fibroid treatment offerings, which could lead to greater adoption of its products. The analyst's Outperform rating and the stock's recent price increase suggest positive market sentiment. However, the acquisition is not expected to significantly impact operating margins, indicating a moderate importance level.
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IMPORTANCE 80
RELEVANCE 100