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Varian Medical Systems

Sirtex accepts CDH acquisition offer, moves away from Varian

June 14, 2018 By Sarah Faulkner

Varian to acquire Sirtex

In the ongoing back-and-forth to acquire Sirtex Medical (ASX:SRX), it seems that Varian Medical‘s (NYSE:VAR) $1.2 billion bid just wasn’t enough. Varian said today that it heard from Sirtex that the company’s board couldn’t turn down the $1.41 billion unsolicited offer from China’s CDH Investments. The bid from CDH Investments came in at a 20% premium […]

Filed Under: Featured, Mergers & Acquisitions, Oncology, Regulatory/Compliance, Wall Street Beat Tagged With: CDH Investments, Sirtex Medical, Varian Medical Systems

Varian stands on $1.28B offer for Sirtex

May 22, 2018 By Sarah Faulkner

Varian to acquire Sirtex

Varian Medical (NYSE:VAR) said today that it stands behind its initial $1.28 billion bid to acquire Sirtex Medical (ASX:SRX) in the wake of a $1.41 billion counter offer from China’s CDH Investments. The unsolicited bid from CDH Investments came in at a 20% premium on Varian’s A$28-per-share offer, prompting Sirtex to reconsider a merger that already […]

Filed Under: Drug-Device Combinations, Featured, Mergers & Acquisitions, Oncology, Pharmaceuticals, Wall Street Beat Tagged With: CDH Investments, Sirtex Medical, Varian Medical Systems

China’s CDH Investments counters Varian with unsolicited $1.4B bid for Sirtex

May 4, 2018 By Brad Perriello

Varian to acquire Sirtex

Sirtex Medical (ASX:SRX) said today that it’s fielding an unsolicited, $1.41 billion counter-offer from China’s CDH Investments that trumps a previous, $1.28 billion bid from Varian Medical (NYSE:VAR) that’s already won approval from U.S. and German regulators. CDH’s A$33.60-per-share offer is a 20% premium on Varian’s initial A$28-per-share offer and prompted Sirtex to seek to scuttle a […]

Filed Under: Drug-Device Combinations, Featured, Mergers & Acquisitions, Oncology Tagged With: CDH Investments, Sirtex Medical, Varian Medical Systems

Medtech stories we missed this week: April 20, 2018

April 20, 2018 By Danielle Kirsh

missed-medtech-0420

From CHF Solutions’ new Italian distribution deal to Masimo’s CE Mark approval, here are five medtech stories we missed this week but thought were still worth mentioning. 1. CHF Solutions signs Italian distribution deal CHF Solutions announced in an April 17 press release that it has signed a new distribution agreement with TRX Italy to distribute […]

Filed Under: Business/Financial News, Diagnostics, Featured, Hospital Care, Imaging, Implants, Regulatory/Compliance Tagged With: chfsolutions, corelink, konicaminolta, Masimo, Varian Medical Systems

U.S., German antitrust authorities clear Varian’s $1.3B Sirtex buyout

March 15, 2018 By Sarah Faulkner

Varian to acquire Sirtex

U.S. antitrust authorities and the German Federal Cartel Office cleared Varian Medical‘s (NYSE:VAR) $1.3B proposed buyout of Sirtex Medical (ASX:SRX), Varian reported today. The companies first announced that they inked a deal for Varian to acquire all of Sirtex’s outstanding shares in January this year. The transaction is slated to close in late May. Sirtex shareholders […]

Filed Under: Featured, Mergers & Acquisitions, Oncology, Wall Street Beat Tagged With: Sirtex Medical, Varian Medical Systems

Varian Medical to pay $1.3B for Sirtex

January 30, 2018 By Brad Perriello

Varian to acquire Sirtex

Varian Medical (NYSE:VAR) yesterday said it agreed to pay nearly $1.3 billion for Australia’s Sirtex Medical (ASX:SRX) and its anti-cancer microspheres. The A$28-per-share offer, which values Sirtex at A$1.59 billion (about $1.28 billion), is slated to close in late May, Palo Alto, Calif.-based Varian said. It’s part of a bid to broaden that company’s oncology portfolio. Sirtex makes […]

Filed Under: Featured, Mergers & Acquisitions, Oncology, Radiosurgery, Wall Street Beat Tagged With: Sirtex Medical, Varian Medical Systems

Medtech stories we missed this week: Oct. 27, 2017

October 27, 2017 By Danielle Kirsh

missedmedtech-1027

From RadiaDyne’s FDA expansion to NuVasive launching its new implants, here are seven medtech stories we missed this week but thought were still worth mentioning. 1. FDA expands indications for RadiaDyne’s OARtrac dose monitor RadiaDyne announced in an Oct. 24 press release that it has received additional FDA clearance for its upcoming OARtrac. The OARtrac allows […]

Filed Under: Business/Financial News, Diagnostics, Featured, Food & Drug Administration (FDA), Imaging, Neurological, Radiosurgery, Regulatory/Compliance Tagged With: Alcyone Lifesciences, Implanet, medtech, nuvasive, Ortek Therapeutics, radiadyne, Tau Consortium, Varian Medical Systems

Medtech stories we missed this week: August 11, 2017

August 11, 2017 By Danielle Kirsh

missedmedtech0502

From Xtant Medical’s 510(k) extension to Varian Medical’s distribution deal, here are seven medtech stories we missed this week but thought were still worth a mention. 1. FDA extends Xtant Medical’s 510(k) for Calix C spinal implant Xtant Medical announced in an Aug. 9 press release that the FDA has cleared its product line extensions […]

Filed Under: Clinical Trials, Diagnostics, Featured, Food & Drug Administration (FDA), Hospital Care, Research & Development, Surgical, Technology Tagged With: ApiFix, Cardiac Science, Hip Innovation, Life Spine Inc., medtech, Pentax Medical, Varian Medical Systems, Xtant Medical

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