Business »  Topic »  Siemens Healthineers expands into cancer care with $16.4 bn deal for Varian

Siemens Healthineers expands into cancer care with $16.4 bn deal for Varian


  • Siemens to provide bridge financing for subsidiary Healthineers
  • Healthineers plans to raise half of deal costs via rights issue

The deal is the first major growth move by Healthineers since it was spun off and floated in 2018 by Siemens, which is undertaking a broader shakeup of its conglomerate structure to create room for its business units to do their own deals.

Siemens, which will retain control over Healthineers, will provide bridge financing for the deal that will be partly refinanced by a rights issue by the medical technology unit later this year.

Under the agreed transaction, Healthineers will acquire ...


Read the full text livemint