July 9 (Reuters) – Private equity groups Blackstone and TPG are seeking more than $4 billion for medical technology firm Hologic’s surgical unit, the Financial Times reported on Thursday, citing people familiar with the matter. Here are more details: • The two firms are working with advisers on a sale of the division, which makes […]
Health
Blackstone, TPG seek over $4 billion for Hologic’s surgical unit, FT says
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July 9 (Reuters) – Private equity groups Blackstone and TPG are seeking more than $4 billion for medical technology firm Hologic’s surgical unit, the Financial Times reported on Thursday, citing people familiar with the matter.
Here are more details:
• The two firms are working with advisers on a sale of the division, which makes surgical equipment used by gynecologists, FT reported.
• Blackstone and TPG announced the acquisition of Hologic last year for $18.3 billion using cash and debt, one of the largest buyouts of a medical device company. The deal closed in April 2026.
• Reuters could not verify the report. TPG, Blackstone and Hologic did not immediately respond to Reuters’ requests for comment outside business hours.
• The FT said the private equity groups are now looking to pay down debt and repay investors from their Hologic buyout.
• The potential sale comes as strains in private credit spill into adjacent private equity markets, prompting firms to find ways to return cash to investors.
• Blackstone is among the private credit funds that have recently faced redemption pressures. The company capped withdrawals at its flagship private credit fund last month after receiving increased redemption requests.
(Reporting by Chandni Shah in Bengaluru; Editing by Sonia Cheema and Eileen Soreng)