Divestiture • Medical Products

Varian Medical Systems Acquires PerkinElmer - Medical Imaging Business

On December 22, 2016, Varian Medical Systems acquired medical products company PerkinElmer - Medical Imaging Business from Revvity for 276M USD

Acquisition Context
  • This is Varian Medical Systems’ 4th transaction in the Medical Products sector.
  • This is Varian Medical Systems’ 3rd largest (disclosed) transaction.
  • This is Varian Medical Systems’ 8th transaction in the United States.
  • This is Varian Medical Systems’ 2nd transaction in Massachusetts.

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M&A Deal Summary

Date December 22, 2016
Target PerkinElmer - Medical Imaging Business
Sector Medical Products
Buyer(s) Varian Medical Systems
Sellers(s) Revvity
Deal Type Divestiture
Deal Value 276M USD

Target Company

PerkinElmer - Medical Imaging Business

Waltham, Massachusetts, United States
PerkinElmer's Medical Imaging Business is a provider of digital flat panel X-ray detectors that serve as components for industrial, medical, dental and veterinary X-ray imaging systems.
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Buyer Overview 1

Buyer

Varian Medical Systems

Palo Alto, California, United States

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 Context for Buyer #
Overall 13 of 25
Sector: Medical Products 4 of 9
Type: Divestiture 2 of 2
State: Massachusetts 2 of 2
Country: United States 8 of 13
Year: 2016 2 of 2
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 Candela Sp. z o.o.

Warszawa, Poland

Candela Sp. z o.o. is a distributor of radiotherapy equipment in Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-29 Sirtex Medical

Sydney, Australia

Sirtex Medical Ltd. is a global life-sciences company that develops and delivers effective oncology treatments using novel small particle technology. Sirtex Medical Limited is an Australian company with an approved cancer treatment supplied globally. Sirtex's main commercialised product is a targeted radioactive treatment for liver cancer called SIR-Spheres microspheres. Sirtex Medical is based in Sydney, Australia.

Buy AU$1.6B

Seller Profile 1

SELLER

Revvity

Waltham, Massachusetts, United States

Category Company
Founded 1937
Sector Medical Products
Employees11,000
Revenue 2.8B USD (2024)
DESCRIPTION

Revvity provides health science solutions, technologies, expertise and services that deliver complete workflows from discovery to development, and diagnosis to cure. Revvity is revolutionizing what’s possible in healthcare, with specialized focus areas in translational multi-omics technologies, biomarker identification, imaging, prediction, screening, detection and diagnosis, informatics and more. Revvity was formed in 1937 and is based in Waltham, Massachusetts.


Deal Context for Seller #
Overall 9 of 11
Sector: Medical Products 1 of 2
Type: Divestiture 9 of 11
State: Massachusetts 3 of 4
Country: United States 9 of 11
Year: 2016 2 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 PerkinElmer - NTD laboratory Services Business

United States

PerkinElmer - NTD laboratory Services Business is a reference laboratory in the US for first and second trimester prenatal screening.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 Tulip Diagnostics Pvt.

Goa, India

Tulip Diagnostics Pvt. Ltd. is a provider of in-vitro diagnostic reagents, kits and instruments.

Buy -