Big Money Moves: Blackstone's Latest Healthcare Bet

Blackstone, a major private equity firm, just made a huge move in the healthcare industry. They're buying Hologic, a company that makes medical devices for women's health, for a whopping $18 billion. This deal is one of the biggest of the year. Blackstone has been investing in healthcare and life sciences for a while now. They own several lab properties in Massachusetts and have invested in drug companies. With this new deal, they're expanding into medical devices. Hologic is a 40-year-old company with about 7, 000 employees. They make things like mammography and biopsy equipment. Blackstone teamed up with another private equity firm, TPG, and the Abu Dhabi Investment Authority to make this deal happen.The deal is worth up to $18. 3 billion. This includes buying all of Hologic's shares, plus their cash and debt. It also includes some extra payments if Hologic hits certain revenue goals in the future. Hologic's stock price has been up and down. It shot up during the COVID-19 pandemic but has slowed down since then. Even so, Blackstone and TPG are paying a 46% premium on the stock price from a few months ago. Hologic's headquarters will stay in Marlborough after the deal is done. Neither Hologic nor Blackstone has commented on the deal yet. This deal shows that Blackstone is serious about expanding in the healthcare industry. It's a big bet, but it could pay off if Hologic keeps growing.