Kevin Than Siemens Remote Services Product Manager at Siemens Healthineers San Jose, CA. Erlangen, Germany | 2020-08-01. Therefore, the depictions may not reflect the situation following the implementation of strict protective measures. 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. Subscription rights will probably be excluded. 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. 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. During the 2020 fiscal year, Siemens Healthineers AG produced total revenues of €14,460 million. Varian is a world leader in the field of cancer care, with innovative solutions especially in radiation oncology and related software. BELGIQUE/BELGIË (1) OJ L 24, … 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. This transaction builds on the long-standing collaboration between Siemens Healthineers and Varian to develop improved cancer therapy solutions. For Siemens Healthineers, the Varian software asset is a great fit. 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 and Varian announced a deal whereby Siemens Healthineers will acquire the world-leading radiation oncology company for $16.4B in cash. 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. 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. Siemens Healthineers still expects to close the merger with Varian in the first half of calendar year 2021. By combining its own technologies and resources with Varian’s, Siemens Healthineers will attempt to provide a complete range of cancer treatment options — from screening and diagnosis to care delivery and post-treatment survivorship. 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. Varian and Siemens Healthineers will lead the digital transformation of oncology healthcare, enabling more efficient diagnosis, increased treatment quality and access, personalised precision cancer care, and improved outcomes for millions of patients worldwide, the company said. Varian’s Board of Directors unanimously approved the agreement and recommends that the Varian shareholders also … This was mainly due to the decline in hardware product revenues from Oncology Systems due to customer capital constraints and site access challenges, resulting from Covid-19. The focus is on digital aspects and the implementation of AI in both clinical decisions and care management to foster the development of personalized solutions and precision medicine. Siemens Healthineers’ proposed purchase of Varian Medical Systems is at a hefty 28% premium to 2021 consensus EV/Ebitda estimates. The healthcare sector faces several financial, strategic and digital challenges. The content in this material was created just prior to the outbreak of the COVID-19 pandemic. Varian is the market leader in the field of cancer care, including radiation oncology, the use of artificial intelligence, machine learning and data analysis. Varian has established strong brand recognition, and expects to continue to operate under the Varian name as an independent company within Siemens Healthineers following the … Varian stockholders voted overwhelmingly in favor of the transaction. Most importantly, healthcare providers must confront the changing preferences of patients who demand more personalized and cost-effective care. The acquisition of Varian by Siemens Healthineers takes advantage of the two firms’ strongly aligned strategies. The second factor is the willingness to reshape the healthcare industry. The rationale behind the Siemens Healthineers’ acquisition of Varian can be identified in two core factors. The board of directors of Varian has already approved the transaction unanimously. Sorry, your blog cannot share posts by email. 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. Two in three cancer patients will receive radiation therapy (RT) at some point during their treatment. It designs, manufactures, sells and services hardware and software products for treating cancer with conventional radiotherapy and advanced treatments. Varian (NYSE: VAR) today announced that it has entered into a definitive agreement to combine with Siemens Healthineers AG (Frankfurt: SHL) in … Varian is the market leader in the field of cancer care, including radiation oncology, the use of artificial intelligence, machine learning and data analysis. The transaction is forecasted to be accretive to adjusted EPS within the first 12 months after the completion of the acquisition. … 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. 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. This process began with the sale of its EMR business to Cerner for $1.3B back in 2015, with notably reduced marketing … Siemens Healthineers still expects to close the merger with Varian in the first half of calendar year 2021. 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 … Kevin Than. Varian has entered into a definitive agreement to combine with Siemens Healthineers. Two proven leaders in medical technology, Varian and Siemens have joined together in pursuit of shaping the future of cancer care. Varian is a world leader in the field of cancer care, with innovative solutions especially in radiation oncology and related software. 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. 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。 Business-wise, cancer care is a clear growth market with a solid 6% to 10% CAGR as the global cancer burden is … Below you will find a number of important resources related to this announcement, including the press releases we have issued, an email we sent to our customers, and FAQs for our stakeholders. COVID-19. Siemens Healthineers announced today CE mark has been achieved to use anterior nose swab sampling for the CLINITEST Rapid COVID-19 Antigen test. 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. Siemens Healthineers expands into cancer care with $16.4 billion deal for Varian By Jörn Poltz and Douglas Busvine . Siemens Healthineers agreed to buy Varian Medical Systems for about $16.4 billion in cash in the biggest medical acquisition of the year. Merger Registry . This sampling method can be less cumbersome and time consuming for both the provider and the patient. Both were only slightly impacted by the current Covid-19 context. Forecasts suggest that global healthcare spending is expected to increase at a CAGR of 5% from 2019-2023. Acquisition to create global leader in cancer research and therapeutics and support Siemens Healthineers’ equity story. Siemens Healthineers Regulatory Affairs Manager Issaquah, WA. 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. As a consequence of the capital raising, Siemens AG’s stake in Siemens Healthineers will be reduced from 85% to 72%. Enter your email address to subscribe to BSMAC and be up to date on our analyses. /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. Learn more. Siemens Healthineers AG (Frankfurt: SHL) announced today that the antitrust-related condition precedent to its proposed merger with Varian Medical Systems, Inc. (“Varian”, NYSE: VAR) has been met in the U.S. following the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act … Siemens Healthineers and Varian join forces. I am continuously striving to grow as an Executive Leader for a proactive, forward-thinking team within the IVD marketplace. 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 … 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 stockholders voted overwhelmingly in favor of the transaction. The acquisition of Varian by Siemens Healthineers takes advantage of the two firms’ strongly aligned strategies. Reach $ 1.4 trillion by 2023 Varian is a world leader in cancer care, with innovative solutions in! 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