News | Breast Imaging | July 31, 2018

Hologic Acquires Digital Specimen Radiography Company Faxitron Bioptics

Deal broadens Hologic's Breast Health product portfolio and expands company's role in breast healthcare

Hologic Acquires Digital Specimen Radiography Company Faxitron Bioptics

VisionCT 3-D breast specimen-designated computed tomography (CT) system. Image courtesy of Faxitron Bioptics.

July 31, 2018 — Hologic Inc. announced it has completed the acquisition of Faxitron Bioptics, a privately-held leader in digital specimen radiography, for approximately $85 million.

The transaction, which closed July 31, broadens Hologic's Breast Health product portfolio and expands the company's role in the clinical continuum of care for breast cancer patients.  Specifically, Faxitron's products and channel will enable Hologic to play a larger role in breast conserving surgery, an adjacent growth market for the company's interventional breast business.

Faxitron markets a broad portfolio of products across major categories including digital specimen radiography, breast lesion localization and sentinel lymph node biopsy. The company sells its products mainly to breast surgeons and pathologists. Faxitron most recently introduced  VisionCT, what it calls the world's first 3-D breast specimen-designated computed tomography (CT) system to offer 360-degree images of excised lesions.

Faxitron generated approximately $27 million of revenue in their last fiscal year. The acquisition is expected to be roughly neutral to Hologic's non-GAAP earnings per share for the remainder of fiscal 2018 and fiscal 2019, and is expected to be accretive thereafter.

For more information: www.hologic.com

Related Content

Agfa Receives FDA Clearance for DR 800 With Tomosynthesis
Technology | Digital Radiography (DR) | February 21, 2019
Agfa Healthcare has received U.S. Food and Drug Administration (FDA) 510(k) clearance for its DR 800 multipurpose...
Joseph J. Cappello Named Executive Director of Are You Dense Nonprofits
News | Breast Density | February 20, 2019
The boards of Are You Dense Inc. and Are You Dense Advocacy Inc., founded by the late Nancy M. Cappello, Ph.D.,...
Philips Earns FDA Clearance for DigitalDiagnost C90 DR System
Technology | Digital Radiography (DR) | February 20, 2019
Philips announced it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market the...
Congress Directs FDA to Establish Federal Breast Density Inform Standard
News | Breast Density | February 19, 2019 | Jeff Zagoudis, Associate Editor
As part of a federal spending bill passed late Friday, Congress directed the U.S. Food and Drug Administration (FDA) to...
Densitas Enters Partnership Agreement With TeleMammography Specialists
News | Breast Density | February 14, 2019
Breast imaging analytics company Densitas Inc. announced a new collaboration partnership with TeleMammography...
Siemens Healthineers Demonstrates Artificial Intelligence, Healthcare Digitalization at HIMSS19
News | Artificial Intelligence | February 13, 2019
February 13, 2019 — At the 2019 Healthcare Information and Management Systems Society (HIMSS) global conference and e
Hologic Launches Unifi Analytics Business Intelligence Tool
Technology | Analytics Software | February 12, 2019
Hologic Inc. announced the U.S. launch of Unifi Analytics, a business intelligence tool that allows healthcare...
Mount Sinai's Digital 3-D Mammography Van Rolls Into New York City
News | Mammography | February 11, 2019
Mount Sinai Hospital recently launched the Mount Sinai Mobile Mammography Program (MMP), bringing essential breast...
Canon Adds Radiation Therapy Package to Aquilion Prime, Lightning CT Systems
News | Computed Tomography (CT) | February 11, 2019
In the patient-centric world of radiation oncology, it is critical that computed tomography (CT) simulation is...
breast density cancer awareness
News | Breast Density | February 08, 2019
Governor Michelle Lujan Grisham has signed breast density inform bill, ...