UPDATE 1-Blackstone, TPG seek over $4 billion for Hologic's surgical unit, FT says

Hologic
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Hologic

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Blackstone Inc.

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TPG Inc Class A

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- Private equity groups Blackstone BX.N and TPG TPG.O 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.