b) Siemens has invested heavily in AI over the past years and their software for segmentation is really good. This corresponds to a purchase price of approximately USD 16.4 billion. Huestis Styroformer; Block Making; Block Room Tools. Any failure to comply with these restrictions may constitute a violation of the laws of other jurisdictions. E: steve.holloway@signifyresearch.net This transaction builds on this long-standing partnership to develop improved cancer therapy solutions – from imaging for treatment planning to focused radiation therapy – for efficient workflow and effective, personalized treatment. Quiz: Is a Pre-Owned Linac Right For Me? It is planned that the remaining amounts under the bridge facility will be refinanced through debt provided by Siemens AG or one of its subsidiaries to Siemens Healthineers. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. News of the deal between Siemens Healthineers and Varian Medical will have caught many industry onlookers off guard on Sunday evening. The Varian software suite is one of the few premium full-featured oncology IT portfolios available today, competing mostly against main rival Elekta, generalist oncology information system modules from EMR vendors (few of which have the same capability) and a host of smaller standalone specialist IT vendors. Other vendors, like RaySearch who have proliferated in … However, the Varian deal has just made it very clear that Siemens Healthineers has emerged from the IPO with big ambitions and firepower to match. Matthias KraemerKarlheinz Kaske Straße 591052 ErlangenGermany, +49 9131 843383matthias.kraemer@siemens-healthineers.com, Philipp GrontzkiKarlheinz Kaske Straße 591052 ErlangenGermany, +49 152 03350194philipp.grontzki@siemens-healthineers.com, Ulrich KuenzelKarlheinz Kaske Straße 591052 ErlangenGermany, +49 162 2433492ulrich.kuenzel@siemens-healthineers.com. Today, Siemens Healthineers AG (Frankfurt: SHL) and Varian Medical Systems, Inc. (NYSE: VAR) announced that they have entered into an agreement, pursuant to which Siemens Healthineers shall acquire all shares of Varian for USD 177.50 per share in cash. Get in touch. Varian has helped pioneer new stereotactic treatment technologies. We’re dedicated to forging a new, more unifying, smarter standard of oncology—connecting us all through more intelligent data, insights, and solutions to realize our vision of a world without fear of cancer. T: +44 (0) 1234 436 150 The International Agency for Research on Cancer2 expects the prevalence of cancer to almost double between 2010 and 2030, with more than 50 percent of all cancer patients undergoing radiotherapy. Block Room Products & Accessories. Varian Part Number: 10001301301 Download Data Sheet. ASTRO. Before purchase price allocation effects, transaction, integration, retention and restructuring costs, https://www.iarc.fr/cards_page/world-cancer-report/ - https://gco.iarc.fr/, Siemens Healthineers AG (listed in Frankfurt, Germany: SHL) is shaping the future of Healthcare. Eclipse. So, what does this mean for the future? “Varian’s innovative and patient centric culture has enabled us to become an iconic leader in radiotherapy and multi-disciplinary cancer care, with a trusted global brand and strong customer loyalty,” said Dow Wilson, President and Chief Executive Officer of Varian. Varian/Elekta Indexing Bar w/ 2 Titanium Balls. Phone: 800-497-2071 or 763-497-2071 Fax: 763-497-2295 Email: sales@rpdinc.com. The seamless integration of Elekta’s MOSAIQ® Oncology Information System (OIS)* and Varian’s TrueBeam™ radiation therapy system is enabling the introduction of new OIS functionality, such as flattening filter free definition, delivery and alerts and enhanced communication capabilities. Couple that expertise with Varian's field and they will gain a considerable edge over Elekta. Full Machines. Siemens Healthineers plans to finance the acquisition of Varian with a mix of debt and equity. Varian; Siemens; Elekta; Thyratrons & Magnetrons Product Registration; Warranty Claim; Resources; Sign in; Create an Account ; Menu. Electrons accelerating process in a standing wave side coupled structure: Dr. Roland Schmidt, Siemens AG, Medical and industrial applications of linear electron accelerators, 27.04.2009 These documents are available under the following internet link https://www.corporate.siemens-healthineers.com/investor-relations/presentations-financial-publications. Such debt will be raised externally by Siemens AG and then be passed on to Siemens Healthineers through loans at market conditions. Additional information regarding the persons who are, under the rules of the SEC, participants in the solicitation of the stockholders of Varian in connection with the proposed transactions, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement when it is filed with the SEC, free copies of which may be obtained as described in the preceding paragraph. Information regarding Varian’s directors and executive officers is contained in Varian’s Annual Report on Form 10-K for the year ended September 27, 2019 and in the proxy statement for Varian’s 2020 annual meeting of stockholders on Schedule 14A, dated December 20, 2019, both of which are filed with the SEC. Instead, Siemens Healthineers has channelled its digital efforts on three main areas where it has specialist capabilities: advanced visualisation and access to artificial intelligence for image analysis; digitalisation of advanced imaging hardware modalities, including driving efficiency for fleet management and radiology operations; and lab diagnostics automation. The Siemens collimator is similar to the Varian distribution. Siemens Healthineers is creating an unprecedented, highly integrated portfolio for the global fight against cancer,” said Prof. Dr. Ralf P. Thomas, Chairman of the Supervisory Board of Siemens Healthineers AG. Previous; Next; Shop For. Varian is headquartered in Palo Alto, California, USA, and currently employs approximately 10,000 people worldwide. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Siemens Healthineers’ financial position, business strategy, the expected financial impact of the acquisition of Varian (including costs and revenue synergies), plans and objectives of management for future operations (including the achievement of costs and revenue synergies) are forward-looking statements. Intelerad Medical Systems acquires Digisonics, Inc. The impact of the jaw and MLC configuration were further studied for the Varian 21EX by taking measurements following the complete removal of the MLC. Accuray Linear Accelerators. Its major competitors should sit up and take note; Siemens Healthineers is fast re-establishing itself as a leading force within healthcare technology. To the extent holdings of Varian’s securities by Varian’s directors and executive officers change since the amounts set forth in the proxy statement for Varian’s 2020 annual meeting of stockholders or in the proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. While the Radiation Therapy hardware business has gained most attention for its potential impact on Siemens Healthineers’ business, Varian’s software business is arguably its most valuable jewel, hitting almost $600m and 18% YoY growth in FY19. Elekta models SL20 and SL25 ~Elekta Oncology Thousands of Varian linear accelerators, planning sites, and more are helping power victories every day. Siemens has for some time been gradually changing direction in its digital strategy, away from large enterprise data management segments towards more targeted diagnostic and operational products. Varian thus offers an ideal fit to Siemens Healthineers leading businesses in medical imaging, laboratory diagnostics and interventional procedures. This communication is not a substitute for the proxy statement or any other document that may be filed by Varian with the SEC. Varian is a world leader in the field of cancer care, with innovative solutions especially in radiation oncology and related software. Combining this with Siemens’ extensive business in diagnostic imaging and diagnostics will create a product line-up that no major peer can today match. We stock a complete line of parts, accessories, and kits for both linear accelerators and simulators. In this investigation, neutron spectra, fluence per MU, and ambient dose equivalent are reported for 18MV x‐ray beams generated by Varian 21EX, Siemens Oncor, and Elekta Precise accelerators. Secondary neutron spectra from modern Varian, Siemens, and Elekta linacs with multileaf collimators Neutrons are a by-product of high-energy x-ray radiation therapy (threshold for [gamma,n] reactions in high-Z material -7 MeV). Siemens Healthineers plans to acquire Varian to advance fight against cancer and strengthen its position in healthcare, Download this press release (pdf) 0.22 MB, https://www.corporate.siemens-healthineers.com/investor-relations/presentations-financial-publications, matthias.kraemer@siemens-healthineers.com, philipp.grontzki@siemens-healthineers.com. Treatment planning. Firstly, Siemens Healthineers will be adding an additional mature product set to its already strong modality hardware line-up. This announcement includes "forward-looking statements". Elekta is left alone as a target for the potential players who want to enter the radiation therapy market. It also opens up opportunity for providing “end-to-end” oncology solutions (imaging, diagnostics and therapy) under one vendor, a strong play in a market where health providers are increasingly looking to limit supply chain complexity and explore long-term managed service deals with fewer vendors. pulse magnetron intended primarily for linear accelerators. This frustration is especially common in Oncology, which sits at the convergence of major departmental and enterprise IT systems, including the EMR, laboratory, radiology, and surgical segments. “I am honored to take on the role of President and CEO of this fantastic company. The Healthineers 2025 strategy identified three clear stages of transformation, with “reinforcing the core portfolio” the key aspect of 2017-2019 post IPO. Varian is expected to positively contribute to Siemens Healthineers adjusted basic EPS 3 within the first 12 months after closing of the acquisition. Its acquisition of Varian Medical Systems for $16.4bn in cash is the biggest healthcare deal of 2020, and a bold move at a time of investor apprehension about procedure volumes in the near future. Not content with being the largest group in medical imaging, Siemens Healthineers is now on course to become the leader in radiotherapy, too. Varian. Revenue growth over the last five years has been patchy, though gross margin remains strong for this sector. We are thrilled to partner with Siemens Healthineers to extend our renowned customer care, serving clinicians and patients from the very first stage in the fight against cancer. Siemens Healthineers and Varian announced a deal whereby Siemens Healthineers will acquire the world-leading radiation oncology company for $16.4B in cash. This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures (financial key performance indicators) that are or may be alternative performance measures (non-GAAP-measures). These new applications will enhance the company’s foundation in in-vitro diagnostic, image-guided therapy, and in-vivo diagnostics. Key words: neutron, MLC, spectrum, fluence, Varian, Siemens, Elekta, high-energy I. Would you like to provide detailed feedback? However, the total neutron fluence and ambient dose equivalents were found to be highest for Varian and lower for Siemens and Elekta linacs. This process began with the sale of its EMR business to Cerner for $1.3B back in 2015, with notably reduced marketing focus and bidding or deal activity on big imaging management deals (PACS, VNA etc.) Varian Single Energy Linear Accelerators* Elekta Linear Accelerators. Judged against the criteria for the “upgrading” phase, the Varian deal has ticked all the boxes, perhaps clarifying why Siemens was willing to pay a premium. Together with Varian's outstanding and passionate employees, we will shape the future of healthcare more than ever before,” said Dr. Bernd Montag, CEO of Siemens Healthineers AG. Siemens Healthineers and Varian Medical announce $16.4B deal in all-cash transaction on 2 nd August 2020; Deal expected to close in 1H 2021 ; Varian Medical will maintain brand name and operate “independently” Siemens AG will drop holding in Siemens Healthineers from 85% to 72% as part of transaction; News of the deal between Siemens Healthineers and Varian Medical will have caught … The proposed merger will be submitted to the stockholders of Varian for their consideration and approval. The Elekta cone ratio values for sizes greater than 10 × 10 cm 2 decrease with energy, but increase with energy for the smaller cones. Varian 120 Leaf MLC: Elekta 80 Leaf MLC: Siemens 82 or 160 Leaf MLC: At the time, the MLC was an alternative to beam-shaping blocks, which had to be applied manually and were an incredibly time-intensive step in the process of providing radiation therapy via LINACs. The acquisition of Varian is expected to close in the first half of calendar year 2021, with closing being subject to approval by Varian shareholders, receipt of regulatory approvals and satisfaction of other customary closing conditions.“With this combination of two leading companies we make two leaps in one step: A leap in the fight against cancer and a leap in our overall impact on healthcare. Further information is available at www.siemens-healthineers.com.DISCLAIMER. With Siemens Healthineers, we will transform care for a greater number of patients worldwide, as well as broaden opportunities for our employees as part of a larger and more global organization. Be the first to know about our events, training and news. It is now further disclosed in Varian's submissions to the US Financial Services Authority, that there was another bidder alongside Siemens Healthineers. Assuming integration with Siemens’ broader portfolio is not too bumpy, it is already clear how the different software assets of the Varian business sit well with Siemens’ digital strategy. This does not necessarily mean that the Elekta collimator is better. Replacement Parts for Top Name Brand Linear Accelerators, Radiation Therapy and Radiography Equipment RadParts offers linear accelerator replacement parts, accessories & consumables for your Varian, Siemens, Elekta, Philips, GE and most other linear accelerator, radiation therapy and … “Siemens Healthineers values our talented and engaged employees and recognizes the strength of the Varian brand, our cutting-edge portfolio, and the relationships we’ve nurtured. Secondly, Varian is operating in a relatively exclusive market, with its only main competition coming from market peers Elekta and Accuray Inc. Demand for linacs has been consistently improving in recent years, with Varian suggesting only two thirds of the Total Addressable Market (TAM) for Radiation Therapy has been catered for so far. Additional information on reconciliations is also included in the Analyst Presentation. In fiscal 2019, which ended on September 30, 2019, Siemens Healthineers, which has approximately 52,000 employees worldwide, generated revenue of €14.5 billion and adjusted profit of €2.5 billion. That is why our Board is confident that combining with Siemens Healthineers is the right path forward for Varian – delivering immediate and compelling value to our shareholders, while bringing us even closer to our transformative vision of a world without fear of cancer.”. The issuance of new shares will raise the free float and presumably the trading volumes of Siemens Healthineers shares. However, the total neutron fluence and ambient dose equivalents were found to be highest for Varian and lower for Siemens and Elekta linacs. Varian Single Energy Linear Accelerators. 6 21 Clinical reference dosimetry The same data set is planned and measured semi -annually for each linac / MLC. The Varian neutron spectra had slightly lower energies than the spectra from linacs manufactured by Elekta and Siemens. planning system from VARIAN, ELEKTA, and SIEMENS. Siemens Healthineers and Varian and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Varian in respect of the proposed transactions contemplated by the proxy statement. Varian investors and stockholders may obtain a free copy of documents filed by Varian with the SEC at the SEC's website at www.sec.gov. The neutron fluence measured in the patient plane was independent of the surface area of the room, suggesting that For this purpose, Siemens Healthineers intends to increase the share capital by issuing new shares with subscription rights expected to be excluded. Thirdly, Varian has grown to a size where progressing to the next level of growth will require substantial investment in operations and new market channels. Order by Phone, Fax, or email - no online ordering. Daily setup variations in patient positioning will … Flotation of the Healthineers business segment on the German stock market raised a few eyebrows back in 2017, but with Siemens AG retaining 85% of the stock, many observers postulated little change to the fortunes of the well-known business; an unwieldy technical hardware leader facing an uphill battle in an increasingly digital market. ously in the literature.1,13Neutron measurements were made for Varian models 2100C, 2300CD, and 2500 ~Varian Associates, Palo Alto, CA!, Siemens models Primus, KD, MD, and MD2 ~Siemens Medical Solutions, Concord, CA!. You are urged to consider these factors carefully in evaluating the forward-looking statements in this announcement and not to place undue reliance on such statements. Elekta Linear Accelerators* Accuray Linear Accelerators. Siemens Healthineers and Varian Medical announce $16.4B deal in all-cash transaction on 2 nd August 2020; Deal expected to close in 1H 2021 ; Varian Medical will maintain brand name and operate “independently” Siemens AG will drop holding in Siemens Healthineers from 85% to 72% as part of transaction; News of the deal between Siemens Healthineers and Varian Medical will have caught … Quiz: Is a Pre-Owned Linac Right For Me? Since 2012, Siemens Healthineers and Varian have been working together successfully in the strategic “EnVision” partnership to shape the future of cancer treatment, combining Varian’s innovative therapeutic systems and Siemens Healthineers leading imaging technology. Following the closing of the acquisition, Siemens Healthineers aims for EBIT synergies of at least EUR 300 million per annum in fiscal year 2025. With a holistic approach to cancer care, the company is increasingly leveraging technologies such as artificial intelligence, machine learning and data analysis to further improve cancer treatment and expand access to care. Varian Medical has shown solid growth in recent years since the Varex spin-off, as this growth has attracted Siemens Healthineers. “With the acquisition of Varian, Siemens Healthineers is entering another attractive growth market that offers the company significant potential for value creation and aligns perfectly with the upgrading phase of Siemens Healthineers’ strategy. These supplemental financial measures may have limitations as analytical tools and should not be viewed in isolation or as alternatives to measures of Siemens Healthineers’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. The scale of the deal has also reinforced that the gradual untethering of Siemens Healthineers from its corporate parent Siemens AG is bearing fruit, both in terms of flexibility to deal-make and ability to use the financial firepower of its majority shareholder for competitive gain. Learn More. In fiscal year 2019, the company generated revenues of USD 3.2 billion with an adjusted operating margin of approximately 17 percent. This communication does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities or a solicitation of any vote or approval. This decisive moment in the history of our companies means more hope and less uncertainty for patients, an even stronger partner for our customers, and for society more effective and efficient medical care. The RPC measured data are in good agreement with the institution's data to within 2%. As alluded to in our introduction, perhaps most intriguing is the bullish signal Siemens Healthineers has made to its customers and the wider market about its future. This announcement is not directed to, or intended for distribution to or use by, any natural person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation of such jurisdiction or which would require any registration or licensing within such jurisdiction. It is therefore hard to argue that the Varian acquisition can be viewed as anything but positive for Siemens Healthineers. The second phase “upgrading” the business focused on pushing up growth targets and earnings per share across all segments while adding capabilities in allied markets. He has been Acting CEO since early June 2020. The Aria Oncology Information System platform will provide an entry point for Siemens to build on clinical outcome improvement in Oncology (along with Noona/360 Oncology) while also integrating diagnostic content from the Siemens syngo imaging and AI-radiology applications. NUCLETRON OLDELFT HUESTIS VARIAN SIEMENS ELEKTA PHILIPS SEDECAL TOPEX . Three benefits of the deal are clear at first glance. Following the closing of the acquisition, Siemens Healthineers aims for EBIT synergies of at least EUR 300 million per annum in fiscal year 2025. While still early in this transformation, this approach is tapping into the main challenges facing most healthcare providers today; improving clinical outcomes at net neutral or reduced cost, better managing and reducing Total Cost of Ownership (TCO) and implementing autonomous technology to augment clinical and diagnostic practice. Many healthcare providers have become increasingly beleaguered by the challenges of digitalisation today, especially in terms of complex integration of diagnostic and clinical applications across the healthcare system. Each of the Companies referred to in this announcement, the relevant group entities and their respective affiliates, agents, directors, officers, employees and advisers, expressly disclaims any obligation or undertaking to update any forward-looking statements contained herein. including models from Varian, Siemens, Elekta/Philips, and General Electric, was measured using gold-foil activation. Elekta. Other companies that report or describe similarly titled alternative performance measures may calculate them differently, which may therefore not be comparable.Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures to which they refer. Unfortunately, there is currently little data in the literature stating the neutron source strengths for the most widely used linear accelerators. Varian’s Board of Directors unanimously approved the agreement and recommends to the Varian shareholders also to approve the agreement. For Siemens Healthineers, the Varian software asset is a great fit. The adoption of Radiation Therapy in emerging markets such as China and India is also well behind advanced imaging modalities, offering new greenfield opportunities near term, a rarity in most of Siemens Healthineers’ core markets. The Clinac 2100C and 2300C machines have similar cone ratio values for all cone sizes and energies, but the values for the Clinac 2500 are substantially different. News. Dutch Philips is rumored to be the other bidder in Varian, and hence also rumored to be interested in Elektra. Air Sampling Kit; Alloy Dispensers; Block Cutting. Further, with growing attention on operational software to support modality fleet services and radiology operations, Siemens could translate this business into RT linac fleet management, an area currently underserved. From the physicist point of view, a very important issue is the homogeneity of the beam parameters. Several of the models and energy combinations had multiple measurements. Given the current impact of the COVID-19 pandemic and expected challenging economic legacy, the growth potential of Varian will help to smooth the expected mid-term dip in some core business over the next few years. 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The acquisition therefore opens a new growth market for Siemens Healthineers to offset the gradual slowing demand for its advanced imaging modality (MRI, CT) business, a more competitive and mature segment. AAPM. Please find further explanations to our financial key performance indicators in chapter „A.2 Financial performance system“ and in the notes to the consolidated financial statements note 29 „Segment information“ in the Annual Report 2019 of Siemens Healthineers. Siemens Healthineers also provides a range of services and solutions to enhance healthcare providers’ ability to provide high-quality, efficient care to patients. INTRODUCTION Radiation therapy can be delivered using several commer-cially available medical linear accelerators linacs . Several of the models and energy combinations had multiple measurements. For use in Siemens, Varian Unique and Radixact Linacs. Changing models of care provision towards multidisciplinary collaboration for diagnosis and care have only intensified focus on fixing this issue, with some preferring single-vendor offerings for major clinical or diagnostic departments. Radiation Products Design, Inc. View PDF Catalog Closeout Items . RapidPlan. Once the SEC completes its review of the preliminary proxy statement, a definitive proxy statement and a form of proxy will be filed with the SEC and mailed or otherwise furnished to the stockholders of Varian. Siemens. Yet it is the intention and message that Siemens Healthineers is sending with the Varian acquisition that has is perhaps most impressive; despite the turmoil and challenges facing markets today, it fundamentally believes in its strategy to reinvent its healthcare business and target precision medicine long term. The deal, once completed in 1H 2021, also now puts Siemens Healthineers in an exclusive club of medical technology companies with annual revenues above $20B, with a potential position as the third largest public firm globally (based on 2019 revenues, behind Medtronic and Johnson and Johnson). Their software for segmentation is really good modality hardware line-up to varian siemens elekta healthcare ’. Who want to enter the radiation therapy market combine with Siemens Healthineers and Varian announced deal... Data in the literature stating the neutron source strengths for the proxy statement any... News of the art Fax: 763-497-2295 Email: sales @ rpdinc.com the same time significant! Healthineers, the company ’ s foundation in in-vitro diagnostic, image-guided therapy and!, training and news years and their software for segmentation is really good 2020. 10,000 people worldwide 10,000 people worldwide included in the Analyst Presentation of view a... 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