Siemens Healthineers to buy US-based medical firm Varian for $16.4bn – The National

SourceThe National
SectorHealthcare
CountryGCC

The German conglomerate will provide bridge financing for the dea  A workshop of computed tomography (CT) scanners of medical device firm Siemens Healthineers in China. The company aims to be a leader in cancer care with its latest acquisition. Reuters Aug 2, 2020 August 2, 2020 German health group Siemens Healthineers said on Sunday it would acquire Varian Medical Systems in a deal that values the US maker of devices and software for cancer treatments at $16.4 billion (Dh60.2bn). Under the agreed transaction, Siemens Healthineers will acquire all shares in Varian for $177.50 each in cash, representing a 24 per cent premium to...read more...