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

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)

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This story was originally published July 8, 2026 at 10:21 PM.