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Blood Brothers No More: Hologic Unloads Blood-Screening Business To Partner Grifols

 
• By Reed Miller

Hologic's partner in the blood-screening business, Grifols SA, will buy-out Hologic's share for $1.85bn. Grifols already owns all the customer-facing parts of the business; it will now take on research, development and manufacture of assays and instruments based on nucleic acid testing for transfusion and transplantation screening.

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Hologic Inc. is selling its interest in its blood-screening business to partner Grifols SA for $1.85bn to improve its top-line growth and free-up more money for future acquisitions, the company announced Dec. 14.

"This transaction strengthens our efforts to build a sustainable growth company by accelerating our top- and bottom-line growth rates while significantly increasing our financial flexibility," Hologic CEO Steve MacMillan said...

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