Hologic Buys Interlace for $125M

1/7/11

Bedford, MA-based Hologic, a provider of diagnostics, medical imaging, and surgical products for women, announced today that it has bought Interlace Medical of Framingham, MA, for $125 million in cash. Interlace, which makes a hysteroscopic tissue removal system, will be integrated into Hologic’s (NASDAQ: HOLX) gynecological surgical products business. The deal also includes two annual contingent payments, which will be a “multiple of the incremental revenue growth over the prior year,” according to the announcement.

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