M&A Deal Summary

Varian Medical Systems Acquires Sirtex Medical

On January 29, 2018, Varian Medical Systems acquired life science company Sirtex Medical for 1.6B AUD

Acquisition Highlights
  • This is Varian Medical Systems’ 1st transaction in the Life Science sector.
  • This is Varian Medical Systems’ largest (disclosed) transaction.
  • This is Varian Medical Systems’ 1st transaction in Australia.

M&A Deal Summary
Date 2018-01-29
Target Sirtex Medical
Sector Life Science
Buyer(s) Varian Medical Systems
Deal Type Add-on Acquisition
Deal Value 1.6B AUD

Target

Sirtex Medical

Sydney, Australia
website
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.

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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 14 of 25
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 12 of 22
Country (Australia) 1 of 1
Year (2018) 1 of 5
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 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.

Buy $276M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 Mobius Medical Systems

Houston, Texas, United States

Mobius Medical Systems is a provider of radiation oncology Quality Assurance (QA) software. Mobius3D performs 3D dose verification for patient plans, supports verification checks throughout the entire clinical process for IMRT and VMAT, and includes modular staged testing to reinforce the confidence of the medical physicist in the patient plan and treatment delivery. Mobius Medical Systems was established in 2010 and is based in Houston, Texas.

Buy -
Mergr

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