# Siemens Healthineers to acquire Varian Medical Systems for $16.4B

Siemens Healthineers announced it will purchase all shares of Varian Medical Systems for $177.50 per share in cash, a total of $16.4 billion. The merger aims to create a global leader in cancer care, with Varian retaining its brand. The transaction is expected to close in the first half of 2021.

- Type: Acquisition
- Announced: 2020-08-02
- Where: Palo Alto, California, United States
- Value: $16.4B
- Status: announced
- Products: cancer care technologies, oncology solutions
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Siemens Healthineers](https://endata.com/companies/19309.md) (acquirer)
- [Varian Medical Systems](https://endata.com/companies/20961.md) (target)
- [Varian](https://endata.com/companies/33600.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/varian-to-combine-with-siemens-healthineers-in-16-4-billion-all-cash-transaction-301104342.html), 2020-08-02: "The combination will create a multi-disciplinary global healthcare leader with the most comprehensive cancer care portfolio in the industry."
- [asiae.co.kr](https://www.asiae.co.kr/en/article/2020080310194140502), 2020-08-03: "This acquisition will bring us closer to realizing our vision of a world without fear of cancer."
- [paragonventures.com](https://www.paragonventures.com/market-pulse-posts/varian-medical-systems-and-siemens-healthineers-announce-merger/), 2020-08-04: "Siemens Healthineers announced it was purchasing Varian for $16.4 billion, the largest deal of the year so far."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.