Varian Medical Systems Mergers and Acquisitions Summary

Medical ProductsCompany

Varian Medical Systems has acquired 24 companies of its own, including 10 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets.

Varian Medical Systems’ largest acquisition to date was in 2018, when it acquired Sirtex Medical for $1.1B. Varian Medical Systems has acquired in 8 different US states, and 10 countries. The Company’s most targeted sectors include medical products (35%) and software (27%).

Join Mergr and gain access to Varian Medical Systems’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the medical products sector.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity23
    • M&A Sell Activity2
  • Total Sectors Invested 8
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 9
  • M&A Advisors 2

Varian Medical Systems

Varian Medical Systems, Inc.

3100 Hansen Way,
Palo Alto, California 94304
United States,
(650) 493-4000
www.varian.com

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.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (2.0/yr) # 13 5 4 - 1 - 23
vol $459M $1.1B $283M $1.9B
Sell (0.0/yr) # 2 - - - - - 2
  25

Most Recent M&A

Company Date Value Type
Bend It Technologies Ltd. 2021-03-25 - Add-on Acquisition
Petach Tikva, Israel · www.bendittech.com
Endocare, Inc. 2019-06-10 - Add-on Acquisition
Austin, Texas · www.endocare.com
Hangzhou Alicon Pharmaceutical Co. Ltd. 2019-06-10 - Add-on Acquisition
Zhejiang, China
Cancer Treatment Services International, Inc. 2019-05-20 283M USD Add-on Acquisition
Pittsburgh, Pennsylvania · www.cancertreatmentservices.com
CyberHeart, Inc. 2019-05-09 - Add-on Acquisition
Mountain View, California · www.cyberheartinc.com
Noona Healthcare Oy 2018-10-12 - Add-on Acquisition
Helsinki, Finland · www.noona.com
humediQ Global GmbH 2018-08-06 - Add-on Acquisition
Grünwald, Germany · www.humidiq.com
Evinance Innovation, Inc. 2018-02-22 - Add-on Acquisition
Montreal, Quebec · wwww.evinance.com
Mobius Medical Systems 2018-02-05 - Add-on Acquisition
Houston, Texas · www.mobiusmed.com
Sirtex Medical Ltd. 2018-01-29 1.1B AUD Add-on Acquisition
Sydney, Australia · www.sirtex.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 8 (35%) 322M (17%) - -
Software 6 (26%) 13M (1%) 1 (50%) -
Healthcare Services 4 (17%) 321M (17%) - -
Test/Measurement Equipment 1 (4%) 30M (2%) 1 (50%) -
Business Services 1 (4%) - - -
Distribution 1 (4%) - - -
Electrical Equipment 1 (4%) 56M (3%) - -
Life Science 1 (4%) 1.1B (60%) - -
Total 23 $1.9B 2 -

By Geo

State/Country Buy Value Sell Value
United States 12 641M 1 -
  Texas 3 - 1 -
  Pennsylvania 2 283M - -
  Massachusetts 2 312M - -
  New York 1 15M - -
  Illinois 1 21M - -
  Georgia 1 - - -
  California 1 - - -
  Washington 1 10M - -
Germany 2 30M 1 -
China 2 2M - -
Australia 1 1.1B - -
Canada 1 - - -
  Quebec 1 - - -
Finland 1 - - -
France 1 13M - -
Israel 1 - - -
Netherlands 1 56M - -
Poland 1 - - -
Domestic 12 (52%) 641M (34%) 1 (50%) -
Cross-border 11 (48%) 1.2B (66%) 1 (50%) -
Total 23 $1.9B 2 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
1
Legal Deals
Norton Rose Fulbright LLP
1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 2 $559M
< $100M 8 $183M
TOTAL $1.9B
Largest Sirtex Medical Ltd.
$1.1B (2018-01-29)

M&A Connections

Deals
Acquired from
Investor(s)
13%
3 (13%)
Strategic(s)
9%
2 (9%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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