Varian and Siemens Healthineers Merge in Multi-Billion Dollar Deal

Varian and Siemens Healthineers Merge in Multi-Billion Dollar Deal

by | Aug 4, 2020 8:05 am | Medical Devices | 0 comments

After a slow opening month for the third quarter, the merger between Varian Medical Systems (NYSE: VAR) and Siemens Healthineers AG (XETRA: SHL.DE) might bring some spark to the healthcare M&A market. Siemens Healthineers announced it was purchasing Varian for $16.4 billion, the largest deal of the year so far. Siemens Healthineers will acquire all shares of Varian for $177.50 per share in cash, a premium of approximately 24% to the closing price of Varian’s common stock on July 31, 2020. Varian generated trailing 12-month revenues of $3.2 billion and EBITDA of $536.3 million.  For more than 70 years, Varian has developed, built, and delivered innovative cancer care technologies and... Read More »
Varian and Siemens Healthineers Merge in Multi-Billion Dollar Deal

Robotics Firm Acquired by Siemens Healthineers

by | Aug 12, 2019 10:17 am | Laboratories, MRI & Dialysis, Medical Devices, Private Equity | 0 comments

After a nearly two-year hiatus, the diagnostic and therapeutic imaging giant Siemens Healthineers AG (XETRA: SHL.DE) has agreed to purchase Corindus Vascular Robotics, Inc. (NYSE: CVRS) for $1.1 billion, at a price of $4.28 per share. Corindus is a global leader in robotic-assisted vascular interventions. Its CorPath platform is the first FDA-cleared medical device to bring robotic precision to percutaneous coronary and vascular procedures. On a trailing 12-month basis, Cordindus reported approximately $12.3 million in revenue. Siemens plans to combine its high-quality imaging, digital and artificial intelligence tools with Corindus’ precision robotics platform to improve treatment for... Read More »