Varian Medical Systems

For other uses of "Varian", see Varian (disambiguation).
Varian Medical Systems Inc.
Company typeSubsidiary
IndustryMedical Technology
Founded1948; 76 years ago (1948)
HeadquartersPalo Alto, California, U.S.
Key people
Arthur Kaindl, CEO [1]
ProductsMedical Devices
Revenue
  • Increase US$ 2,919.1 million (2018) [2]
  • Increase US$ 2,619.3 million (2017) [2]
  • Increase US$ 441.6 million (2018) [2]
  • Decrease US$ 300.2  million (2017) [2]
  • Decrease US$ 150.3 million (2018) [2]
  • Decrease US$ 219.2 million (2017) [2]
Total assets
  • Increase US$ 3,252.7 million (2018) [2]
  • Decrease US$ 3,179.4 million (2017) [3]
Total equity
  • Increase US$ 1,588.7 million (2018) [2]
  • Decrease US$ 1,499.3 million (2017) [3]
Number of employees
10,000 [2]
ParentSiemens Healthineers
Websitewww.varian.com

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people [2] at manufacturing sites in North America, Europe, and China and approximately 70 sites globally.[4]

In August 2020, Siemens Healthineers announced plans to acquire Varian for $16.4 billion.[5][6] The deal was completed in April 2021.[7] After the merger Varian continues to operate independently; it retained its headquarters and employees.[8][9]

  1. ^ "Executive Leadership". Varian. Retrieved 13 June 2023.
  2. ^ a b c d e f g h i j "Varian Medical Systems Inc 2018 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. November 26, 2018.
  3. ^ a b "Varian Medical Systems Inc 2017 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. Nov 27, 2017.
  4. ^ "Varian Medical Systems, Inc. (VAR) Stock Price, News, Quote & History". Yahoo Finance. Retrieved 2021-04-26.
  5. ^ Sachgau, Oliver; Hammond, Ed; Ahmed, Nabila (1 August 2020). "Siemens Arm to Buy Varian in Year's Biggest Health Care Deal". Bloomberg.
  6. ^ Poltz, Jörn; Busvine, Douglas (2 August 2020). "Siemens Healthineers expands into cancer care with $16.4 billion deal for Varian". Reuters.
  7. ^ Whooley, Sean (1 August 2020). "Siemens Healthineers completes Varian acquisition".
  8. ^ "Varian to Combine with Siemens Healthineers in $16.4 Billion All-Cash Transaction" (Press release). Varian. 2 August 2020.
  9. ^ Rachal, Maria (2 August 2020). "Varian sold to Siemens Healthineers in $16.4B all-cash deal". MedTech Dive.