The acquisition of Varian allows for the creation of deeply integrated and comprehensive products and services in cancer care. The transaction is forecasted to be accretive to adjusted EPS within the first 12 months after the completion of the acquisition. 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. Subscription rights will probably be excluded. It provides laboratory diagnostics services and products and point-of-care testing. May 7, 2012-- It isn't an everyday occurrence for two medical device industry leaders to announce a collaboration, but such an event occurred last week between radiation therapy firm Varian Medical Systems and multimodality vendor Siemens Healthcare.. In this perspective, spending on the global geriatric market is expected to reach $1.4 trillion by 2023. 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. The partnership between Siemens and Varian provides access to the latest innovative technology and helps the medical community to increase the benefits for patients. Would you like to provide detailed feedback? Combines the Energy provided by Varian’s technology solutions and the Vision enabled by imaging excellence from Siemens. This transaction builds on the long-standing collaboration between Siemens Healthineers and Varian to develop improved cancer therapy solutions. During the 2020 fiscal year, Siemens Healthineers AG produced total revenues of €14,460 million. 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. On August 2nd, Siemens Healthineers announced a definitive agreement to acquire all shares of Varian Medical Systems for $177.5 per share, which corresponds to a purchase price of approximately $16.4bn in cash. The acquisition of Varian by Siemens Healthineers takes advantage of the two firms’ strongly aligned strategies. Common goals and strategies for the mid- and long-term period create a better match between the two firms and enhance the probability of the deal’s success. Varian Medical Systems and Siemens Healthcare Announce Global Collaboration to Advance Clinical Capabilities and Offerings in Radiotherapy and Radiosurgery. Being at the forefront of innovation for more than 70 years, the company is increasingly leveraging technologies to develop and deliver multidisciplinary, integrated cancer treatment. The current share price is moving around the level announced in the acquisition agreement on August 2nd, 2020 ($175), which implies a market cap of approximately $16bn. This includes personalizing content and advertising. As part of the EnVision partnership, Siemens and Varian have jointly developed ARIA® connectivity for Siemens linacs. Learn more > Two proven leaders in medical technology, Varian and Siemens have joined together in pursuit of shaping the future of cancer care. BUILDS ON A LONG AND SUCCESSFUL PARTNERSHIP. The acquisition is expected to help Siemens to enter the cancer research and therapeutics markets. The acquisition is expected to close in the first half of calendar year 2021 as it is subject to the approval of Varian’s shareholders and regulatory approvals. The board of directors of Varian has already approved the transaction unanimously. The healthcare sector is among the world’s largest and fastest-growing industries and has been one the most resilient to the current pandemic. 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 agreement will give Siemens customers more choices for therapy equipment, including smooth transition and interface to Varian … BUILDS ON A LONG AND SUCCESSFUL PARTNERSHIP. 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. Varian to Combine with Siemens Healthineers in $16.4 Billion All-Cash Transaction. Enter your email address to subscribe to BSMAC and be up to date on our analyses. Siemens is listed on the stock exchanges of Frankfurt, Main and Xetra with a market capitalization of €42.774bn. 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 Founded in 2017 and based in Erlangen, Siemens Healthineers AG is a German multinational company operating in the medical equipment and devices industry. The rationale behind the Siemens Healthineers’ acquisition of Varian can be identified in two core factors. EBIT synergies are expected to amount to €300 mln per annum in fiscal year 2025 and to increase sharply in subsequent years. The company is listed on the New York Stock Exchange (NYSE). Post was not sent - check your email addresses! 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. 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. The two firms aim at improving their position in the sector and consolidating an already existing partnership between the two companies. The total equity value of this all-cash transaction is $16.4 bn which corresponds to 34 times Varian’s forward earnings. 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. 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