Hologic reduces debt through sale/leaseback transaction
This article was originally published in Clinica
Executive Summary
Investment company WP Carey has bought Hologic's corporate headquarters and main manufacturing site for $33m and leased the properties back to the company. The sale- and leaseback transaction has allowed Bedford, Massachusetts-based Hologic to pay off its $25m note payable from the September 2000 acquisition of Lorad.