Varian to purchase GE's radiotherapy unit
Varian Associates has offered to purchase the radiotherapy service and support operation of GE Medical Systems in a deal that will cover all of the Milwaukee vendor's worldwide radiotherapy service and customer support operations. GEMS has a global
Varian Associates has offered to purchase the radiotherapy service and support operation of GE Medical Systems in a deal that will cover all of the Milwaukee vendor's worldwide radiotherapy service and customer support operations. GEMS has a global installed base of 400 linear accelerator systems and some 340 treatment planning products, according to the companies. The sale does not include GE's radiotherapy manufacturing and engineering unit located in Buc, France, which is under review, according to GEMS.
The purchase, for an undisclosed amount of cash, is expected to be completed by the end of 1997. About 160 GEMS radiotherapy service professionals, technical support personnel, and support staff will join Varian on completion of the transaction. Varian executives said that the acquisition significantly broadens the Palo Alto, CA-based company's international radiotherapy support. For GEMS, the deal allows the vendor to focus more closely on its core medical imaging, services, and information technology businesses, according to Jeffrey Immelt, president and CEO.
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