Siemens Healthineers in advanced talks to buy Varian for US$15 billion: Report

Siemens Healthineers in advanced talks to buy Varian for US$15 billion: Report

Staff work on magnetic resonance imaging machines at a production line of Siemens Healthineers in S
FILE PHOTO: Staff work on magnetic resonance imaging machines at a production line of Siemens Healthineers in Shenzhen, China May 25, 2018. REUTERS/Bobby Yip

REUTERS: German group Siemens Healthineers is in advanced talks to purchase Varian Medical Systems, a maker of devices and software for treating cancer, in a deal that will value the medical device maker at about US$15 billion, Bloomberg News reported late on Saturday (Aug 1).

The deal could be announced in the coming days, the report added, citing sources.

The talks could still fall apart, according to Bloomberg.

Both companies did not immediately respond to a request for comment.

Varian, based in Palo Alto, California, is focused on developing and delivering innovative cancer treatments and has 10,000 employees. In 2019, it reported total revenue of US$3.2 billion.

Siemens Healthineers, a spinoff from Siemens AG in 2018, makes X-ray, ultrasound and MRI equipment.

Source: Reuters

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