Hologic sells Lifecodes to Immucor for $85M

January 4, 2013 by MassDevice staff

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.

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In-vitro diagnostics maker Immucor (NSDQ:BLUD) signed a definitive agreement to acquire the Lifecodes transplant diagnostics business of Hologic (NSDQ:HOLX) in a deal worth up to $95 million.

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.

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"Everything we do at Immucor is about helping anyone who needs blood get the right blood safely. The Lifecodes business will extend our mission to organs and stem cells," president & CEO William Hawkins said in prepared remarks. "The clear market advantage here is that customers anywhere in the world will have a single source for proven diagnostics that has a core competency in antigen typing and antibody screening and identification."

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