M&A Deal Summary

Varian Medical Systems Acquires Endocare

On June 10, 2019, Varian Medical Systems acquired medical products company Endocare

Acquisition Highlights
  • This is Varian Medical Systems’ 8th transaction in the Medical Products sector.
  • This is Varian Medical Systems’ 12th transaction in the United States.
  • This is Varian Medical Systems’ 3rd transaction in Texas.

M&A Deal Summary

Date 2019-06-10
Target Endocare
Sector Medical Products
Buyer(s) Varian Medical Systems
Deal Type Add-on Acquisition

Target

Endocare

Austin, Texas, United States
website
Endocare, Inc. is a medical device company focused on the development of urological healthcare technologies. Endocare is a provider of hardware and software solutions supporting cryoablation and microwave ablation. Endocare, Inc. was established in California in 1996 to advance cryoablation technology. Using argon gas to freeze and helium gas to thaw, Endocare eliminated many of the issues associated with previously used liquid nitrogen.

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Buyer(S) 1

Buyer

Varian Medical Systems

Palo Alto, California, United States

website


Category Company
Founded 1948
Sector Medical Products
Revenue 3.2B USD (2020)
DESCRIPTION
Varian's corporate headquarters in Palo Alto, California.
Varian's corporate headquarters in Palo Alto, California.

Varian Medical Systems is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies informatics software for managing comprehensive cancer clinics, radiotherapy centers and medical oncology practices. Varian is a supplier of tubes and digital detectors for X-ray imaging in medical, scientific, and industrial applications and also supplies X-ray imaging products for cargo screening and industrial inspection. Varian Medical Systems was formed in 1948 and is based in Palo Alto, California.


DEAL STATS #
Overall 23 of 25
Sector (Medical Products) 8 of 9
Type (Add-on Acquisition) 20 of 22
State (Texas) 3 of 3
Country (United States) 12 of 13
Year (2019) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 Hangzhou Alicon Pharmaceutical

Zhejiang, China

Hangzhou Alicon Pharmaceutical Co. Ltd. engages in embolic therapy for treating liver cancer in China. Alicon's lead product is Caligel, which are calibrated resorbable gel form particles commonly used as an embolic agent in China for treating liver cancer. Alicon has an integrated R&D, manufacturing and commercialization infrastructure, with over 1,000 major hospitals in China using the Alicon solution to treat 200,000 patients annually.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Bend It Technologies

Petach Tikva, Israel

Bend It Technologies develops and manufactures innovative catheters based on a unique bending technology, enabling extensive steering abilities in micro-diameter and conventional catheter wires and tubes. Bend It Technologies is based in Petach Tikva, Israel.

Buy -