Varian Medical Systems - M&A Summary, Ownership, and Business Overview

Medical ProductsCompany

Varian Medical Systems M&A Summary

Varian Medical Systems has acquired 27 companies of its own, including 8 in the last 5 years. A total of 6 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 9 different US states, and 10 countries. The Company’s most targeted sectors include medical products (36%) and software (24%).

Varian Medical Systems Ownership

Who owns Varian Medical Systems?

Varian Medical Systems is owned by Siemens Healthineers AG. It was acquired on August 2, 2020.

Varian Medical Systems Business Overview

Where is Varian Medical Systems headquartered?

Varian Medical Systems is headquartered in Palo Alto, California.

What is Varian Medical Systems’ revenue?

Varian Medical Systems disclosed revenue of 3,168M USD for 2020 and 3,225M USD for 2019.

What sector is Varian Medical Systems in?

Varian Medical Systems is a medical products company.

When was Varian Medical Systems founded?

Varian Medical Systems was founded in 1948.

M&A Summary

  • M&A Total Activity27
    • M&A Buy Activity25
    • M&A Sell Activity2
  • Total Sectors Invested 8
  • Total Countries Invested 10
  • M&A Buy/Sell Connections 12
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 23 - 1 - 1 - 25
vol $1.9B $1.9B
Sell (0.0/yr) # 2 - - - - - 2
  27

Most Recent M&A

Company Date Value Type
Aspekt Solutions 2023-09-26 - Add-on Acquisition
Greenbelt, Maryland · www.aspektsolutions.com
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
ABK Biomedical 2019-04-08 - Venture
Halifax, Nova Scotia · www.abkbiomedical.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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 9 (36%) 322M (17%) - -
Software 6 (24%) 13M (1%) 1 (50%) -
Healthcare Services 5 (20%) 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 25 $1.9B 2 -

By Geo

State/Country Buy Value Sell Value
United States 13 641M 1 -
  Texas 3 - 1 -
  Pennsylvania 2 283M - -
  Massachusetts 2 312M - -
  Georgia 1 - - -
  California 1 - - -
  Washington 1 10M - -
  New York 1 15M - -
  Maryland 1 - - -
  Illinois 1 21M - -
Germany 2 30M 1 -
Canada 2 - - -
  Quebec 1 - - -
  Nova Scotia 1 - - -
China 2 2M - -
Australia 1 1.1B - -
Finland 1 - - -
France 1 13M - -
Israel 1 - - -
Netherlands 1 56M - -
Poland 1 - - -
Domestic 13 (52%) 641M (34%) 1 (50%) -
Cross-border 12 (48%) 1.2B (66%) 1 (50%) -
Total 25 $1.9B 2 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
1
Legal Deals
Norton Rose Fulbright
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)
16%
4 (16%)
Strategic(s)
8%
2 (8%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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