Hologic Acquires Cytyc

Two New England-based women's health companies are joining forces as Hologic Inc. (Bedford, MA) announced that it will be acquiring Cytyc Corp. (Marlborough, MA). The $6.2 billion deal is expected to be completed in the third quarter. The combined entity will be called Hologic and will carry the torch of both companies. Jack Cumming, chief of Hologic, said that the merger is about creating growth, despite the fact that it will save from $25 to $30 million each year.