VAR - Varian Medical Systems To Acquire Cancer Treatment Services For India Cancer Data
Quick Take
Varian Medical Systems (VAR) announced it has agreed to acquire Cancer Treatment Services International [CTSI] for $283 million.
CTSI operates a global network of cancer treatment centers and healthcare facilities with a focus on the regions of India and South Asia.
VAR is gaining direct access to patient data across the range of oncology treatment regimens in order to better inform its cancer product development processes, so the deal is a strong long-term move by management.
Target Company
Wexford, Pennsylvania-based CTSI was founded in 2006 and operates the American Oncology Institute