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HOLOGIC ANNOUNCES ORGANIZATIONAL CHANGES TO ITS DIAGNOSTICS SEGMENT; INTEGRATION OF GEN-PROBE PROCEEDING AHEAD OF SCHEDULE
Date:1/22/2013

ned strategic path forward to grow the diagnostics businesses globally, drive innovation and expand our technology offerings," said Mr. Hull. "I look forward to working with Rob and the rest of the team to ensure that we capture the benefits of the Gen-Probe transaction for all of our stakeholders. We are very excited about our future and are confident that today, Hologic is well positioned to build upon its leadership role in diagnostics as it continues to meet the expanding needs of its customers."

As part of the organizational changes, Rohan Hastie , formerly a vice president and general manager within the Women's Health group of the Company's Diagnostics segment, has been appointed Senior Vice President and Group General Manager - Diagnostics, which now includes overseeing the segment's Women's Health and Virology businesses, as well as the U.S. Diagnostics sales team. In addition, Eric Tardif , Senior Vice President of Commercial Operations - Diagnostics, will assume the role of Senior Vice President of Corporate Strategy, partnering with Mr. Cascella and the business leaders to further shape Hologic's long-range goals.

On Track to Achieve Over $40 Million in First-Year Cost Synergies:Hologic has made significant progress in integrating Gen-Probe into its existing Diagnostics segment. The Company remains on track to realize over $40 million in cost synergies by the end of the first year following the acquisition and an additional $35 million in cost synergies by the end of the third year. In addition, Hologic is continuing to drive revenue synergies by utilizing its global sales and marketing presence to capitalize on cross-selling opportunities to leverage its expanded molecular diagnostics product portfolio.

"Through our efforts since August, we have made tremendous strides in leveraging our global infrastructure and robust product pipeline – cementing Hologic's positi
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SOURCE Hologic, Inc.
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