Varian medical systems´ acquisition by Siemens healthineers - an analysis of acquisition price, form of payment and financing methods

Abstract

In an era marked by high-value mergers and acquisitions in the MedTech industry, Siemens Healthineers (SH) contemplated the strategic acquisition of Varian Medical Systems (VMS), a pivotal event in the medical technology industry, particularly in oncology. The group part provides a comprehensive overview of both companies, their historical backgrounds, market positions, and the pre-acquisition synergy that developed from their collaboration. It further explores the intricacies of the medical device industry, the competitive landscape, and the significance of cancer care. Subsequently, the individual section explores the question of how much SH should offer to acquire Varian Medical Systems, alongside an analysis of various payment and financing options, highlighting their respective benefits and challenges.