Hologic sells Lifecodes to Immucor for $85M
Immucor agrees to acquire Hologic's Lifecodes transplant diagnostics business in a deal worth up to $95 million, marking the 1st publicly reported acquisition by Immucor since former Medtronic CEO William Hawkins took the corner office.
Immucor paid $85 million in cash, with another $10 million to be paid out for certain financial milestones, according to a press release.
The Lifecodes business is a "worldwide leader in transplantation diagnostics," part of a $400 million global market that Immucor says is growing fast. Hologic acquired Lifecodes' technology in August 2012 when it acquired molecular diagnostics giant Gen-Probe (NSDQ:GPRO) for $4 billion.