Varian. 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. In this study, the neutron fluence for 36 linear accelerators, including models from Varian, Siemens, Elekta/Philips, and General Electric, was measured using gold‐foil activation. Gustaf Salford appointed Elekta CEO by Board of Directors Gustaf Salford has been appointed to the role of President and CEO, effective immediately. Unfortunately, there is currently little data in the literature stating the neutron source strengths for the most widely used linear accelerators. 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. Any failure to comply with these restrictions may constitute a violation of the laws of other jurisdictions. Key words: neutron, MLC, spectrum, fluence, Varian, Siemens, Elekta, high-energy I. 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. 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. INTRODUCTION Radiation therapy can be delivered using several commer-cially available medical linear accelerators linacs . Siemens Finance B.V., a subsidiary of Siemens Aktiengesellschaft, will provide Siemens Healthineers for a transitional period with a bridge facility in an amount of EUR 15.2 billion to finance the acquisition price and additional costs and expenses in connection with the acquisition of Varian. In addition, Varian investors and stockholders may obtain a free copy of Varian’s filings with the SEC from Varian’s website at http://investors.varian.com/SECfilings or by directing a request by mail or telephone to: 3100 Hansen Way, Palo Alto, CA 94304-1038, United States, F: +1(650)493-4000. Siemens Healthineers and Varian announced a deal whereby Siemens Healthineers will acquire the world-leading radiation oncology company for $16.4B in cash. In a first step, Siemens Healthineers plans to place new shares without a prospectus, depending on market conditions, still within calendar year 2020. 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. Combining this with Siemens’ extensive business in diagnostic imaging and diagnostics will create a product line-up that no major peer can today match. 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 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. Block Room Products & Accessories. However, the total neutron fluence and ambient dose equivalents were found to be highest for Varian and lower for Siemens and Elekta linacs. 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. Varian is a world leader in the field of cancer care, with innovative solutions especially in radiation oncology and related software. 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. 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. Varian Single Energy Linear Accelerators. Intelerad Medical Systems acquires Digisonics, Inc. Several of the models and energy combinations had multiple measurements. He has been Acting CEO since early June 2020. It is therefore hard to argue that the Varian acquisition can be viewed as anything but positive for Siemens Healthineers. 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. Varian has helped pioneer new stereotactic treatment technologies. Daily setup variations in patient positioning will … 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.) “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. If Siemens can leverage its far larger operational and sales network and apply it to Varian’s product segments, none of Varian’s current main competitors will have the resources to compete, unless acquired by another major healthcare technology vendor. 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 … Would you like to provide detailed feedback? b) Siemens has invested heavily in AI over the past years and their software for segmentation is really good. For this purpose, Siemens Healthineers intends to increase the share capital by issuing new shares with subscription rights expected to be excluded. 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. The Siemens collimator is similar to the Varian distribution. The morph suits of the “Healthineers” brand launch was just one small step on this journey; the Varian acquisition is going to be one great leap. “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. pulse magnetron intended primarily for linear accelerators. Siemens Linear Accelerators* Linear Accelerator Buying Resources. Its major competitors should sit up and take note; Siemens Healthineers is fast re-establishing itself as a leading force within healthcare technology. 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. ASTRO. 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. 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. 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 … The issuance of new shares will raise the free float and presumably the trading volumes of Siemens Healthineers shares. 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With no competing vendor today able to match this capability in Oncology IT, the potential long-term benefits for Siemens’ digital strategy with Varian far outweigh the risks of integration. RSA Insight: The impacts of delayed early screening diagnoses on cancer treatment results due to Covid-19. Thousands of Varian linear accelerators, planning sites, and more are helping power victories every day. in North America in recent years. 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. The Healthineers 2025 strategy identified three clear stages of transformation, with “reinforcing the core portfolio” the key aspect of 2017-2019 post IPO. Siemens. “I am honored to take on the role of President and CEO of this fantastic company. Varian is expected to positively contribute to Siemens Healthineers adjusted basic EPS 3 within the first 12 months after closing of the acquisition. 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.”. For use in Siemens, Varian Unique and Radixact Linacs. BUILDS ON A LONG AND SUCCESSFUL PARTNERSHIP. This corresponds to a purchase price of approximately USD 16.4 billion. 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. Following the closing of the acquisition, Siemens Healthineers aims for EBIT synergies of at least EUR 300 million per annum in fiscal year 2025. T: +44 (0) 1234 436 150 Be the first to know about our events, training and news. Learn More. 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. 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. Order by Phone, Fax, or email - no online ordering. 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. 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). 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. 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. 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. This does not necessarily mean that the Elekta collimator is better. Siemens Healthineers plans to finance the acquisition of Varian with a mix of debt and equity. Such debt will be raised externally by Siemens AG and then be passed on to Siemens Healthineers through loans at market conditions. “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 is expected to positively contribute to Siemens Healthineers adjusted basic EPS3 within the first 12 months after closing of the acquisition. 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. Firstly, Siemens Healthineers will be adding an additional mature product set to its already strong modality hardware line-up. Neutron production varies depending on photon beam energy as well as on the manufacturer of the accelerator. The RPC measured data are in good agreement with the institution's data to within 2%. From the physicist point of view, a very important issue is the homogeneity of the beam parameters. These statements contain the words "anticipate", "believe", "intend", "estimate", "plan", "expect", "target" and "will" and words of similar meaning. NUCLETRON OLDELFT HUESTIS VARIAN SIEMENS ELEKTA PHILIPS SEDECAL TOPEX . Varian Medical has shown solid growth in recent years since the Varex spin-off, as this growth has attracted Siemens Healthineers. 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. 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). 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. Three benefits of the deal are clear at first glance. 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. Varian thus offers an ideal fit to Siemens Healthineers leading businesses in medical imaging, laboratory diagnostics and interventional procedures. Our Combination with Siemens Healthineers Varian has entered into a definitive agreement to combine with Siemens Healthineers. Siemens Healthineers plans to replace up to approximately 50 percent of the amount available under the bridge facility granted by Siemens Finance B.V. through the issuance of equity. 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. Siemens Elekta Siemens -up to 5% variation below 5 MU Elekta and Varian -less than 2% variation at 1 MU. After closing, Varian will continue to operate under the Varian name, as a Siemens Healthineers brand. 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. Harness the power of machine learning to improve treatment planning in Eclipse™. Other vendors, like RaySearch who have proliferated in … Get in touch. Siemens Healthineers is continuously developing its product and service portfolio, with AI-supported applications and digital offerings that play an increasingly important role in the next generation of medical technology. planning system from VARIAN, ELEKTA, and SIEMENS. Treatment planning. It is now further disclosed in Varian's submissions to the US Financial Services Authority, that there was another bidder alongside Siemens Healthineers. Elekta is left alone as a target for the potential players who want to enter the radiation therapy market. 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. 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. Quote . 6 21 Clinical reference dosimetry The same data set is planned and measured semi -annually for each linac / MLC. 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. These new applications will enhance the company’s foundation in in-vitro diagnostic, image-guided therapy, and in-vivo diagnostics. 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. Couple that expertise with Varian's field and they will gain a considerable edge over Elekta. 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. Phone: 800-497-2071 or 763-497-2071 Fax: 763-497-2295 Email: sales@rpdinc.com. So, what does this mean for the future? For Siemens Healthineers, the Varian software asset is a great fit. Elekta models SL20 and SL25 ~Elekta Oncology Following the closing of the acquisition, Siemens Healthineers aims for EBIT synergies of at least EUR 300 million per annum in fiscal year 2025. Huestis Styroformer; Block Making; Block Room Tools. Not content with being the largest group in medical imaging, Siemens Healthineers is now on course to become the leader in radiotherapy, too. including models from Varian, Siemens, Elekta/Philips, and General Electric, was measured using gold-foil activation. 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. RSNA. 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. 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 announcement includes "forward-looking statements". ADDITIONAL INFORMATION AND WHERE TO FIND IT. Elekta Linear Accelerators* Accuray Linear Accelerators. 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. 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 Linear Accelerators. Several of the models and energy combinations had multiple measurements. 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. 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 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). Previous; Next; Shop For. 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. 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. Summary. Varian/Elekta Indexing Bar w/ 2 Titanium Balls. 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!. 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. 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. Before making any voting decision, Varian stockholders are urged to read the proxy statement in its entirety, when it becomes available, and any other documents to be filed with the SEC in connection with the proposed merger or incorporated by reference in the proxy statement, if any, because they will contain important information about the proposed merger and the parties to the proposed merger. 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. Varian Single Energy Linear Accelerators* Elekta 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 … 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. 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. News. Varian is headquartered in Palo Alto, California, USA, and currently employs approximately 10,000 people worldwide. Siemens Healthineers also provides a range of services and solutions to enhance healthcare providers’ ability to provide high-quality, efficient care to patients. Full Machines. Varian’s decades of progress in developing and delivering multidisciplinary, integrated cancer care has kept the company at the forefront of innovation for more than 70 years. Varian’s Board of Directors unanimously approved the agreement and recommends to the Varian shareholders also to approve the agreement. Additional information on reconciliations is also included in the Analyst Presentation. ESTRO . However, the total neutron fluence and ambient dose equivalents were found to be highest for Varian and lower for Siemens and Elekta linacs. We’re always striving to improve the state of the art. E: steve.holloway@signifyresearch.net As a leading medical technology company headquartered in Erlangen, Germany, Siemens Healthineers enables healthcare providers worldwide through its regional companies to increase value by empowering them on their journey towards expanding precision medicine, transforming care delivery, improving the patient experience, and digitalizing healthcare. 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. 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. RapidPlan. Such forward-looking statements are based on numerous assumptions regarding Siemens Healthineers’ present and future business strategies and the market environment in which Siemens Healthineers will operate in the future. We stock a complete line of parts, accessories, and kits for both linear accelerators and simulators. The proposed merger will be submitted to the stockholders of Varian for their consideration and approval. Elekta. 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. Air Sampling Kit; Alloy Dispensers; Block Cutting. Varian; Siemens; Elekta; Thyratrons & Magnetrons Product Registration; Warranty Claim; Resources; Sign in; Create an Account ; Menu. Dutch Philips is rumored to be the other bidder in Varian, and hence also rumored to be interested in Elektra. Radiosurgery. 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. Radiation Therapy hardware (linear accelerators, or linac), is the lion’s share of Varian’s business, for which it is market leader holding over 55% of the global installed base in 2019. 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. The Elekta cone ratio values for sizes greater than 10 × 10 cm 2 decrease with energy, but increase with energy for the smaller cones. Reconciliations is also included in the literature stating the neutron source strengths the. 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