Transformational milestone in execution of Siemens’ Vision 2020+ strategy. Under the terms of the agreement, Siemens Healthineers will acquire all of the shares of Varian for US$177.50 per share in cash. Under the terms of the agreement, Siemens Healthineers will acquire all of the shares of Varian for US$177.50 per share in cash. Siemens Healthineers and Varian announced a deal whereby Siemens Healthineers will acquire the world-leading radiation oncology company for $16.4B in cash. 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. 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 Friday. This corresponds to a purchase price of approximately USD 16.4 billion. 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 … When Will Life Return to Normal? Page 1/4 . 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 … Varian Medical manufactures medical devices related to radiation oncology, including embolisation particles. This corresponds to a purchase price of approximately $16.4 billion. Varian (VAR) Agrees to Be Acquired by Siemens Healthineers for $177.50/Share, or $16.4B Microsoft (MSFT) Files to Offer 1.27M Shares of Common Stock for Shareholders German health group Siemens Healthineers said on Sunday it was buying Varian Medical Systems Inc of the United States for $16.4 billion in a deal that seeks to create the global leader in cancer care solutions. 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 Friday. In fiscal year 2019, Varian’s revenues had amounted to US$3.2 billion with an adjusted operating margin of approximately 17%. In fiscal year 2019, Varian’s revenues had amounted to US$3.2 billion with an adjusted operating margin of approximately 17%. For reprint rights: Inciting hatred against a certain community, The Night of Ideas: 24 Hours Live to Feel "Closer", The Economic Times Digital Payments Forum, India’s largest education fest for digital disruptors, Siemens Healthineers, Nasscom partner to support innovation in healthcare startups, India to be export hub for Siemens Healthineers. This corresponds to a purchase price of Varian of approx. German healthcare group Siemens Healthineers has offered concessions in a bid to secure EU antitrust approval for its $16.4 billion acquisition of U.S. peer Varian Medical Systems. If Siemens can leverage its far larger operational and sales network and apply it to Varian’s product segments, none of Varian’s current main competitors will have the resources to compete, unless acquired by another major healthcare technology vendor. Siemens Healthineers and Varian announced a deal whereby Siemens Healthineers will acquire the world-leading radiation oncology company for $16.4B in cash. Under the agreed transaction, 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 … 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. “It won’t be a short-term topic, but one we can look at next year,” Schmitz said. Under the terms of the agreement, Siemens Healthineers will acquire all of the shares of Varian for US$177.50 per share in cash. Choose your reason below and click on the Report button. Before it's here, it's on the Bloomberg Terminal. Varian says it employs about 10,000 people around the world. The merger would give Erlangen, Germany -based Siemens Healthineers a broader reach into cancer care. Siemens Healthineers agreed to buy Varian Medical Systems for about $16.4 billion in cash in the biggest medical acquisition of the year. 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. … Under the agreed transaction, Siemens Healthineers will acquire all shares in Varian for $177.50 each in cash, representing a 24% premium to … The German health imaging and medical devices giant, Siemens Healthineers, is to buy cancer device and software specialist Varian Medical Systems for $16.4 billion (£12.5bn). Siemens Healthineers AG (Frankfurt: SHL) and Varian Medical Systems, Inc. (NYSE: VAR) announced that they have entered into an agreement, pursuant to which Siemens Healthineers shall acquire all shares of Varian for USD 177.50 per share in cash. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Siemens Healthineers to acquire Varian Medical Systems Inc for $16.4 billion. Industrial conglomerate Siemens, which spun off Healthineers in 2018 but retains a controlling stake, will provide bridge financing for the deal, which seeks to create a global … Revenue in the third quarter was 3.31 billion euros while earnings before interest and taxes reached 461 million euros, the company said Sunday. US$16.4 billion. Varian recently traded at 38 times estimated earnings, compared with a multiple of 18 for the S&P 500 Health Care index. Under the terms of the agreement, which has been unanimously approved by Varian's Board of Directors, Siemens Healthineers will acquire all outstanding shares of Varian for $177.50 per share in cash, representing a premium of approximately 42% to the 30-day volume weighted average closing price of Varian's common stock as of July 31, 2020, the last trading day prior … Healthineers, which spun off from Siemens in 2018, has advanced 2.7% this year, boosting its market capitalization to 43.6 billion euros. Siemens Healthineers AG and Varian Medical Systems, Inc. have announced that they have entered into an agreement, pursuant to which Siemens Healthineers shall acquire all shares of Varian for USD 177.50 per share in cash.This corresponds to a purchase price of approximately USD 16.4 billion. US$16.4 billion. This corresponds to a purchase price of Varian of approx. US$16.4 billion. Palo Alto, California-based Varian had revenues in the 2019 fiscal year of $3.2 billion, Siemens Healthineers said in a statement. Siemens Healthineers AG has also … Download The Economic Times News App to get Daily Market Updates & Live Business News. Your Reason has been Reported to the admin. Want the lowdown on European markets? 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 treating cancer at $16.4 billion. In fiscal year 2019, Varian’s revenues had amounted to US$3.2 billion with an adjusted operating margin of approximately 17%. Siemens Healthineers said the purchase will a have a positive effect on earnings per share withing the first 12 months of the closing. This will alert our moderators to take action. The deal is the first major growth move by Healthineers since it was spun off and floated in 2018 by Siemens, which is undertaking a broader shakeup of its conglomerate … MUNICH/BERLIN (Reuters) - German health group Siemens Healthineers SHLG.DE said on Sunday it was buying Varian Medical Systems Inc VAR.N of … Deal activity in the medical devices industry is also on the rise, with Thermo Fisher Scientific Inc.’s proposed acquisition of Qiagen NV for more than $10 billion and Smiths Group Plc mulling the sale of its medical equipment unit. Healthineers will look at possible inclusion next year, Chief Financial Officer Jochen Schmitz said in an interview. 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