Varian to Combine with Siemens Healthineers in $16.4 Billion All-Cash Transaction. Learn more > The rest of the bridge loan will be repaid with new debt issued at Siemens AG level; the latter will borrow additional debt capital externally through bonds and transfer funds to Siemens Healthineers via loans at market conditions. Varian Medical Systems and Siemens Healthcare Announce Global Collaboration to Advance Clinical Capabilities and Offerings in Radiotherapy and Radiosurgery. The transaction will be first financed through a €15.2bn bridge facility which will be granted by Siemens Finance B.V. Siemens intends to repay 50% of the amount of the bridge loan through the issuance of new equity at Siemens Healthineers level, which will increase the free float. Siemens Healthineers Plans to Acquire Varian for $16.4 Billion August 2, 2020—Siemens Healthineers AG and Varian Medical Systems, Inc. announced an agreement for Siemens Healthineers to acquire all shares of Varian for $177.50 per share in cash, corresponding to a purchase price of approximately $16.4 billion. BUILDS ON A LONG AND SUCCESSFUL PARTNERSHIP Since 2012, Siemens Healthineers and Varian have been working together successfully in the strategic “EnVision” partnership to shape the future of cancer treatment, combining Varian’s innovative therapeutic systems and Siemens Healthineers leading imaging technology. Since 2012, they have been working together successfully in their strategic “EnVision” partnership to shape the future of cancer treatment, combining Varian’s innovative therapeutic systems and Siemens Healthineers leading imaging technology. Moreover, the sector benefits from several trends and growth drivers including an increasingly ageing population, rising prevalence of chronic diseases, technological advancements and the expansion of health-care systems in emerging markets. The board of directors of Varian has already approved the transaction unanimously. Inside the healthcare sector, the Diagnostics and Imaging with Advanced Therapies divisions represent Siemens Healthineer’s core businesses. EBIT synergies are expected to amount to €300 mln per annum in fiscal year 2025 and to increase sharply in subsequent years. In this perspective, technology facilitates greater value at a reduced cost. MedTech News: Siemens Healthineers shall acquire Varian Medical Systems for approximately USD$16.4 billion.. Moreover, the acquisition aims at accelerating the enrichment of digital offerings and exploiting larger sales, R&D and production, thus possibly making cancer care more accessible and affordable. The exploitation of a mix of revenue and cost synergies arising by the scale of the two firms, the cross-selling opportunities and the complementarity between different offerings, and the network of R&D activities are only some of the advantages projected for the company in the next few years. 2020-08-12 18:33:38. The deal will create a global leader in healthcare with a comprehensive portfolio to fight cancer – from imaging for treatment planning to focused radiation therapy. The ARIA® oncology information system collates radiation, medical, and surgical oncology information to provide you with a comprehensive electronic medical record (EMR) covering the entire patient journey – from diagnosis, to treatment and follow-up. Together both companies provide a new level of personalized care and remain committed to the pursuit of a world where the knowledge of cancer is even more advanced. It comprises a series of integrated and marginally invasive products and services within different fields such as oncology and cardiology. The healthcare sector is among the world’s largest and fastest-growing industries and has been one the most resilient to the current pandemic. German healthcare group Siemens Healthineers has announced that it will acquire Varian Medical Systems in a deal that values the US maker of devices and software for cancer treatments at $ 16.4 billion. The agreement will give Siemens customers more choices for therapy equipment, including smooth transition and interface to Varian … Just Eat – Takeaway.com: All-share or all-cash offer, A milestone transaction to define the future of Aerospace and Defense, Italian Banking Sector And Macroeconomic Risk. Varian and Siemens New Partnership is Showing Many Benefits for Both Companies. Siemens spun off (of corporate action where a company “splits off” a section as a separate business) Siemens Healthineers in 2018 but retains an 85% stake in the business. Indeed, technology and digital transformation are key growth drivers as they represent the foundation for new care delivery models, driving cheaper, more precise and less invasive treatments and therapies. Our partnership not only brings us together, it helps shape the future of cancer care. The total equity value of this all-cash transaction is $16.4 bn which corresponds to 34 times Varian’s forward earnings. After the announcement of the deal, Varian’s share price rose by 22%, whilst Siemens’s share price fell by 6.7% as markets were concerned about the high price of the transaction. From this perspective, the acquisition of Varian Medical Systems acquisition will result in a global healthcare leader with the most comprehensive cancer treatment portfolio in the industry. The adjusted EBIT of €2,230 decreased by 10%; the year-over-year decline is mainly ascribable to the performance of the Diagnostics segments and the negative spillovers of the COVID-19 pandemic. The acquisition of Varian allows for the creation of deeply integrated and comprehensive products and services in cancer care. In an announcement, the Germany-based imaging giant said the acquisition will create a “global healthcare leader with the most comprehensive cancer care portfolio in the industry.” Varian is a world leader in the field of cancer care, in particular radiation oncology, and uses artificial intelligence, machine learning and data analysis to improve cancer treatment. The company is listed on the New York Stock Exchange (NYSE). The Varian/Siemens Partnership Expands Siemens Healthcare will exhibit advanced diagnostic imaging technology within the Varian booth at ASTRO this year. Siemens to Acquire Varian Medical to Create Comprehensive Cancer Portfolio By HospiMedica International staff writers 03 Aug 2020 Siemens Healthineers (Erlangen, Germany) has entered into an agreement to acquire Varian Medical Systems, Inc. (Palo Alto, CA, USA) that will lead to the creation of a global leader in healthcare with a comprehensive portfolio to fight cancer. It provides laboratory diagnostics services and products and point-of-care testing. Since 2012, Siemens Healthineers and Varian have been working together successfully in the strategic “EnVision” partnership to shape the future of cancer treatment, combining Varian’s innovative therapeutic systems and Siemens Healthineers leading imaging technology. The collaboration covers the mutual marketing and representation of products for imaging and treatment in the global radiation oncology business. Varian Medical Systems, Inc (NYSE: VAR) announced Sunday that Siemens Healthineers AG (OTC: SMMNY) would purchase it in an all-cash transaction valued at … PALO ALTO, Calif., April 25, 2012 /PRNewswire/ -- Varian Medical Systems (NYSE: VAR) and Siemens Healthcare today announced the signing of a strategic global partnership to provide advanced diagnostic and therapeutic solutions and services for treating cancer … As a consequence of the capital raising, Siemens AG’s stake in Siemens Healthineers will be reduced from 85% to 72%. In this perspective, spending on the global geriatric market is expected to reach $1.4 trillion by 2023. A little more than a year ago, a marriage of sorts shook up the world of radiation therapy. April 25, 2012 – Varian Medical Systems and Siemens Healthcare today announced the signing of a strategic global partnership to provide advanced diagnostic and therapeutic solutions and services for treating cancer with image-guided radiotherapy and radiosurgery. During the 2020 fiscal year, Siemens Healthineers AG produced total revenues of €14,460 million. Would you like to provide detailed feedback? It designs, manufactures, sells and services hardware and software products for treating cancer with conventional radiotherapy and advanced treatments. Net income was 10% lower than the previous fiscal year amounting to €1,423 million. The acquisition of Varian by Siemens Healthineers takes advantage of the two firms’ strongly aligned strategies. Varian, Siemens form radiotherapy and radiosurgery collaboration 26th April 2012 1365 On 25 April, Varian Medical Systems and Siemens Healthcare announced the signing of a strategic global partnership to provide advanced diagnostic and therapeutic solutions and services for treating cancer with image-guided radiotherapy and radiosurgery. The strategic global partnership between the two companies, first announced in April, will expand into North America as … Since 2012, Siemens Healthineers and Varian have been working together successfully in the strategic “EnVision” partnership to shape the future of cancer treatment, combining Varian’s innovative therapeutic systems and Siemens Healthineers leading imaging technology. Since 2012, Siemens Healthineers and Varian have been working together successfully in the strategic “EnVision” partnership to shape the future of cancer treatment, combining Varian’s innovative therapeutic systems and Siemens Healthineers leading imaging technology. Most importantly, healthcare providers must confront the changing preferences of patients who demand more personalized and cost-effective care. In terms of performance, the company reported total revenues of $3,168 million in FY 2020, 2% lower than the previous year. Siemens is listed on the stock exchanges of Frankfurt, Main and Xetra with a market capitalization of €42.774bn. On the other side, Varian’s objectives are linked to improving efficiency, the exploitation of new technologies such as Artificial Intelligence or machine learning and the creation of long-term growth through the expansion in emerging geographies and businesses. This includes personalizing content and advertising. Varian by Siemens Healthineers Transformational milestone in execution of Siemens' Vision 2020+ strategy Siemens Healthineers intends to acquire 100 percent stake in U.S. healthcare company at a purchase price of around $16.4 billion Both were only slightly impacted by the current Covid-19 context. The companies announced that they will … In a recent interview with the online newsletter Examining Healthcare, Siemens Healthineers AG CEO Bernd Montag stresses the importance of the process of digitization in the healthcare industry, which provides insight as to the company’s future direction. Indeed, providing healthcare to the growing ageing population is currently among the key concerns for governments as life expectancy has significantly increased reaching an average of 74.7 years. Varian, Siemens Announce Global Collaboration. Two proven leaders in medical technology, Varian and Siemens have joined together in pursuit of shaping the future of cancer care. Combining Varian's Energy, its innovative delivery systems and treatment planning tools with Siemen's Vision, its imaging excellence, this "EnVision" partnership expands the possibilities in cancer treatment. Of debt and equity the creation of deeply integrated and comprehensive products services. 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