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. 1 Direct i4D is optionally available on SOMATOM go.Open Pro and requires the online mode with Anzai and Varian RGSC. Siemens Healthineers and Varian join forces. PALO ALTO, Calif., Oct. 15, 2020 /PRNewswire/ -- Varian (NYSE: VAR) today announced that its stockholders have voted to approve the previously announced pending combination with Siemens Healthineers AG (Frankfurt: SHL) at a special meeting. (Bloomberg) -- Siemens Healthineers agreed to buy Varian Medical Systems for about $16.4 billion in cash in the biggest medical acquisition of … Varian stockholders voted overwhelmingly in favor of the transaction. Varian announced that it has entered into a definitive agreement to combine with Siemens Healthineers AG in an all-cash transaction valued at $16.4 billion on a fully diluted basis. Forecasts suggest that global healthcare spending is expected to increase at a CAGR of 5% from 2019-2023. Please use the contact details below: Email: COMP-MERGER-REGISTRY@ec.europa.eu. Siemens Healthineers and Varian announced a deal whereby Siemens Healthineers will acquire the world-leading radiation oncology company for $16.4B in cash. 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. 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. Siemens has for some time been gradually changing direction in its digital strategy, away from large enterprise data management segments towards more targeted diagnostic and operational products. 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. It provides laboratory diagnostics services and products and point-of-care testing. 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. Varian announced that it has entered into a definitive agreement to combine with Siemens Healthineers AG in an all-cash transaction valued at $16.4 billion on a fully diluted basis. by Heather Landi | Dec 7, 2020 12:00pm (Siemens Healthineers) Deal size: $16.4 billion. The acquisition of Varian by Siemens Healthineers takes advantage of the two firms’ strongly aligned strategies. Siemens AG welcomes acquisition of Varian by Siemens Healthineers. It offers products for interventional oncology procedures and treatments, including cryoablation, microwave ablation and embolic particles. BERLIN - German health group Siemens Healthineers said on Sunday it would acquire Varian Medical Systems Inc in a deal that values the U.S. maker of devices and software for cancer treatments at $16.4 billion. Albert Kim. The $16.4 billion purchase of Varian Medical Systems not only gives Siemens Healthineers AG an entry into cancer treatment -- one of the hottest areas in medical technology -- … Learn more. 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. Therefore, the depictions may not reflect the situation following the implementation of strict protective measures. The content in this material was created just prior to the outbreak of the COVID-19 pandemic. Siemens Healthineers still expects to close the merger with Varian in the first half of calendar year 2021. 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. Together with Christian Hofmann, physicist at Siemens Healthineers, they have developed an innovative solution for handling respiratory motion in radiotherapy planning – always with the focus on achieving better outcomes for cancer patients. From software and machines to patient data and care teams, Intelligent Cancer Care is uniting the world’s cancer fight. Gratitude for the rays of hope given the … Drive care forward . Siemens Healthineers AG and Varian Medical Systems Inc. have entered into an agreement, pursuant to which Siemens Healthineers shall acquire all shares of Varian for $177.50 per share in cash. Varian is a world leader in the field of cancer care, with innovative solutions especially in radiation oncology and related software. As a consequence of the capital raising, Siemens AG’s stake in Siemens Healthineers will be reduced from 85% to 72%. On August 2, we announced that Varian has entered into a definitive agreement to combine with Siemens Healthineers. Observations can be sent to the Commission by email, by fax, or by post. Kevin Than Siemens Remote Services Product Manager at Siemens Healthineers San Jose, CA. In this perspective, technology facilitates greater value at a reduced cost. This process began with the sale of its EMR business to Cerner for $1.3B back in 2015, with notably reduced marketing … For Siemens Healthineers, the Varian software asset is a great fit. This notification concerns the following undertakings: Siemens Healthineers AG (' Siemens Healthineers', Germany), controlled by Siemens AG (Germany), and Varian Medical Systems Inc ('Varian', US). … Siemens Healthineers still expects to close the merger with Varian in the first half of calendar year 2021. Siemens Healthineers still expects to close the merger with Varian in the first half of calendar year 2021. I am continuously striving to grow as an Executive Leader for a proactive, forward-thinking team within the IVD marketplace. The acquisition of Varian allows for the creation of deeply integrated and comprehensive products and services in cancer care. CEO Bernd Montag reflects on a year of shadow and light 2021-01-07. M.9945 – Siemens Healthineers/Varian Medical Systems. Siemens Healthineers will acquire 100% of Varian’s outstanding shares for $177.50 per share, representing a 24% share premium over Varian’s closing price of $142.72 on July 31 ,2020 and a 42% premium over the 30-day weighted average. COVID-19. This corresponds to a purchase price of approximately $16.4 billion. 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. 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. For Siemens Healthineers, the Varian software asset is a great fit. Together, we will create a multi-disciplinary global healthcare leader that is even better equipped to serve our customers and redefine cancer care for millions of patients globally. August 3, 2020 — Siemens AG is continuing to rigorously execute its Vision 2020+ strategy and therefore expressly welcomes Siemens Healthineers AG’s acquisition of a 100 percent stake in Varian Medical Systems, Inc., a U.S. company active in the area of cancer research and therapy. Varian is the market leader in the field of cancer care, including radiation oncology, the use of artificial intelligence, machine learning and data analysis. Building oncology’s future . Varian stockholders voted overwhelmingly in favor of the transaction. EBIT synergies are expected to amount to €300 mln per annum in fiscal year 2025 and to increase sharply in subsequent years. The Supervisory Board of Siemens Healthineers AG is proposing a new Supervisory Board member to the shareholders for election at the Annual Shareholders' Meeting on February 12, 2021: Peer Schatz (55), long-serving CEO of QIAGEN N.V., a leading global provider of complete solutions for gaining molecular insights from biological samples. Siemens has for some time been gradually changing direction in its digital strategy, away from large enterprise data management segments towards more targeted diagnostic and operational products. Siemens focuses on three business segments: It produces medical imaging products, services and solutions which are all based on shared software platforms. 8 月 2 日、Varian は Siemens Healthineers と統合するための正式契約を締結したことを発表しました。この統合により、お客様をサポートする上で、また世界中の多くの患者様のためにがん医療を再構築する上で、より優れた多分野にわたるグローバルヘルスケアリーダーが誕生することになります。 This transaction builds on the long-standing collaboration between Siemens Healthineers and Varian to develop improved cancer therapy solutions. Sorry, your blog cannot share posts by email. Enter your email address to subscribe to BSMAC and be up to date on our analyses. Combination creates a global leader in healthcare with a comprehensive portfolio to fight cancer. Siemens Healthineers’ proposed purchase of Varian Medical Systems is at a hefty 28% premium to 2021 consensus EV/Ebitda estimates. The industry is characterized by high barriers to entry, high margins and counter-cyclical revenues. Under the agreed transaction, Siemens Healthineers will acquire all shares in Varian for $177.50 each in cash, representing a 24% premium to the U.S. company's closing price on … Siemens Healthineers AG and Varian Medical Systems Inc. have entered into an agreement, pursuant to which Siemens Healthineers shall acquire all shares of Varian for $177.50 per share in cash. August 3, 2020 — Siemens AG is continuing to rigorously execute its Vision 2020+ strategy and therefore expressly welcomes Siemens Healthineers AG’s acquisition of a 100 percent stake in Varian Medical Systems, Inc., a U.S. company active in the area of cancer research and therapy.Payment of the purchase price of around $16.4 billion is to be enabled by mixed financing … 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 (NYSE: VAR) today announced that its stockholders have voted to approve the previously announced pending combination with Siemens Healthineers … Together, we will create a multi-disciplinary global healthcare leader that is even better equipped to serve our customers and redefine cancer care for millions of patients globally. Ethos Therapy. Founded in 1948 and based in Palo Alto (California), Varian is a world leader in the field of cancer care, with innovative solutions especially in radiation oncology and related software. The price … Acquisition to create global leader in cancer research and therapeutics and support Siemens Healthineers’ equity story. Siemens Healthineers AG (Frankfurt: SHL) ("Siemens Healthineers") today entered into an agreement with Varian Medical Systems, Inc. (NYSE: VAR) ("Varian"), a global leader in the field of cancer care, pursuant to which Siemens Healthineers shall acquire all shares of Varian for $177.50 per share in cash. 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. 1 Direct i4D is optionally available on SOMATOM go.Open Pro and requires the online mode with Anzai and Varian RGSC. 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. Siemens Healthineers and Varian join forces. This corresponds to a purchase price of Varian of approx. 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. 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. 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. It comprises a series of integrated and marginally invasive products and services within different fields such as oncology and cardiology. Two in three cancer patients will receive radiation therapy (RT) at some point during their treatment. Siemens Healthineers picks up Varian Medical Systems. Founded in 2017 and based in Erlangen, Siemens Healthineers AG is a German multinational company operating in the medical equipment and devices industry. During the 2020 fiscal year, Siemens Healthineers AG produced total revenues of €14,460 million. 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. Varian (NYSE: VAR) today announced that it has entered into a definitive agreement to combine with Siemens Healthineers AG (Frankfurt: SHL) in … This corresponds to a purchase price of approximately $16.4 billion. Varian has entered into a definitive agreement to combine with Siemens Healthineers. The rationale behind the Siemens Healthineers’ acquisition of Varian can be identified in two core factors. German health group Siemens Healthineers said it would acquire Varian Medical Systems in a deal that values the US maker of devices and software for cancer treatments at $16.4bn. On August 2, we announced that Varian has entered into a definitive agreement to combine with Siemens Healthineers. Therefore, the depictions may not reflect the situation following the implementation of strict protective measures. MUNICH/BERLIN (Reuters) - German health group Siemens Healthineers said on Sunday it was buying Varian Medical Systems Inc of the United States for $16.4 billion in … Net income was 10% lower than the previous fiscal year amounting to €1,423 million. Varian’s Board of Directors unanimously approved the agreement and recommends that the Varian shareholders also … Kevin Than. Dive Brief: Siemens Healthineers will buy radiation oncology systems and software maker Varian Medical in an all-cash deal valued at $16.4 billion, the companies announced Sunday, confirming a Bloomberg report Saturday. Siemens Healthineers plans to acquire Varian to advance fight against cancer and strengthen its position in healthcare. On one side, Siemens Healthineers’ upgrading phase strategy aims at expanding the business in adjacent growth markets in the mid-term period, and in addition to structural costs savings, it prioritizes the creation of next-gen products and platforms that focus on the digital … Transformational milestone in execution of Siemens’ Vision 2020+ strategy. The Operating Income in FY 2020 was $323 million, which implies an operating margin of 10.2%, down from approximately 12% in 2019. Siemens is listed on the stock exchanges of Frankfurt, Main and Xetra with a market capitalization of €42.774bn. Under the terms of the agreement, which has been unanimously approved by Varian's Board of Directors, Siemens Healthineers will acquire all … 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. /PRNewswire/ -- Varian ... this combination reflects the compelling value and important opportunity to shape the future of healthcare we see with Siemens Healthineers," said … The acquisition of Varian by Siemens Healthineers takes advantage of the two firms’ strongly aligned strategies. Varian to Combine with Siemens Healthineers in $16.4 Billion All-Cash Transaction, Varian Stockholders Approve Combination with Siemens Healthineers. 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. 1049 Bruxelles/Brussel. Varian is the market leader in the field of cancer care, including radiation oncology, the use of artificial intelligence, machine learning and data analysis. Siemens Healthineers intends to acquire 100 percent stake in U.S. healthcare company at a purchase price of around $16.4 billion. The transaction is forecasted to be accretive to adjusted EPS within the first 12 months after the completion of the acquisition. Varian is a world leader in the field of cancer care, with innovative solutions especially in radiation oncology and related software. The deal would give Siemens a sizable … The desired impact on the industry should be originated by a strong cultural fit between Varian and Siemens Healthineers, in terms of innovation and purpose-driven culture. Varian is a world leader in the field of cancer care, with innovative solutions especially in radiation oncology and related software. /PRNewswire/ -- Varian (NYSE: VAR) today announced that it has entered into a definitive agreement to combine with Siemens Healthineers AG (Frankfurt: SHL) in an all-cash transaction valued at $16.4 billion on a fully diluted basis. On one side, Siemens Healthineers’ upgrading phase strategy aims at expanding the business in adjacent growth markets in the mid-term period, and in addition to structural costs savings, it prioritizes the creation of next-gen products and platforms that focus on the digital dimension, data and AI. 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