Varian Medical Systems, Inc.

Varian Medical Systems, Inc.

Varian Medical Systems, Inc.

Overview
Date Founded

1948

Headquarters

3100 HANSEN WAY, PALO ALTO, CA, 94304

Type of Company

Public

Employees (Worldwide)

7,174

Industries

Medical Products & Equipment
Industrial Machinery & Manufacturing
Hospitals & Patient Services

Company Description

Varian Medical Systems, Inc. engages in the manufacture of medical devices and software for treating cancer and other medical conditions. It operates through the Oncology Systems and Proton Solutions segments. The Oncology Systems segment designs, manufactures, sells, and services hardware and software products for treating cancer with conventional radiation therapy, and advanced treatments. The Proton Solutions segment delivers proton therapy, a form of external beam radiotherapy using proton beams for the treatment of cancer. The company was founded by William Hansen, Edward Ginzton, Russell Varian, and Sigurd Varian in 1948 and is headquartered in Palo Alto, CA.

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Executives & Employees

President & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Corporate Secretary

Senior Vice President, Chief Accounting Officer & Corporate Controller

President, Oncology Systems

President of Proton Solutions Division & Chief Growth Officer

Senior Vice President, Regulatory Affairs & Quality Assurance

Senior Vice President-Global Operations

Senior Vice President-People, Places & Communications

Chief Information Officer

Board of Directors

President, Chief Executive Officer & Director at Acelity LP, Inc.

President & Chief Executive Officer at Varian Medical Systems, Inc.

Former Head, Building 8 at Facebook, Inc.

Chairman, Therapy Systems Division at National Electrical Manufacturers Association

Dean of the School of Medicine at Vanderbilt University

Former Chief Financial Officer & Executive Vice President-Administration at SanDisk LLC

Chief Executive Officer at Smith & Nephew Interventional Pain Assets

Former Group President, International at Medtronic, Inc.

Vice President, Finance at Eli Lilly & Company

Member, Board of Directors at Varian Medical Systems, Inc.

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Owners & Shareholders
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In 1951, marking the 25th anniversary of the founding of Loomis, Sayles & Company, Robert H. Loomis sent a clear message to all clients. Click here to read. More than 60 years later, I echo the words of our founder when he said, "we wish to express our gratitude and appreciation to those who, through these difficult years, have helped us to the success we have enjoyed. We look to the future with humility but with confidence." The biggest difference in today's world is that our pace is faster and our playing field is larger. Given this scenario, our job at Loomis Sayles is to keep a laser-like “eye on the ball” particularly during times of uncertainty and volatility, where both risk and opportunity reside. My goal is to ensure that Loomis Sayles remains a broad-based, house of excellence trusted by our clients and recognized for our record of: Attracting and retaining exceptional investment professionals Providing caring, highly ethical and informative services to our clients Producing strong investment performance across our full stable of products The last five years have been a time of tremendous innovation for us. We have grabbed hold of opportunities presented by market upheaval to unearth some tremendous investments, build off our base and empower people to construct and test new capabilities. By integrating these with existing capabilities, (quantitative research, deeper risk analysis, greater macro-economic firepower, absolute return-oriented strategies and securitized capabilities), I believe we are a better investment firm than ever. On behalf of all Loomis Sayles employees, thank you for placing your confidence in us. From my personal vantage point, I am more confident than ever about the future of our company and the skills and passion of our people to deliver excellence in their work. We look forward to serving your investment needs as we face the ever-changing future together.

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FEIM is a global, value-oriented investment manager that seeks to produce consistent absolute returns over the long-term without regard for industry benchmarks. They construct well-diversified portfolios through cautious security selection with an emphasis on risk aversion. FEIM focuses on investments with a substantial margin of safety, healthy balance sheets and clear business models. They employ bottom-up security analysis that is independent of broad market conditions or industry trends and focuses on downside protection. FEIM currently manages the following primary investment strategies: Global Value and International Value, International Small Cap Value, High Yield, Gold, US Value, and Global Income Builder.

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FCC-IM offers specialized and balanced mandates for pension funds of large Canadian corporations, endowments, foundations, religious organizations, charitable organizations and major municipality and university funds. The firm's institutional investment strategies include: fixed-income, Canadian equity, Liability-driven investing (LDI), non-traditional, asset allocation and ethical and ESG strategies. Their institutional fixed-income strategies include: money market, active universe, active long-term, active short-term municipal, infrastructure bonds, infrastructure debt, tactical, integrated universe, integrated short-term, integrated short/mid-term, corporate bonds, preferred shares, high yield bonds, and global. FCC-IM's Canadian equity strategies include: growth, core, small-cap, small cap core, high income equity, and Selexia. They offer US, international, global, global focus and all-country foreign equity strategies. Their non-traditional strategies include North American market neutral, long/short, short-term currency and bonds, arbitrage, diversified lending, infrastructure, real estate, multi-strategy income, and income opportunities. The firm also offers balanced, balanced core, balanced integrated, mandates and the EFT (Endowment, Foundation and Trust) Fund. Their ethical and ESG strategies include: active fixed income, Canadian equity value, US equity, global, and the EFT (Endowment, Foundation and Trust) Fund.

Recent Transactions
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Varian Medical Systems, Inc. purchases Noona Healthcare Oy from Capricorn Venture Partners NV, Inventure Oy, Noaber Ventures BV

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Varian Medical Systems, Inc. purchases humediQ GmbH

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Varian Medical Systems, Inc. purchases Evinance Innovation, Inc.

Insider Transactions
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Transaction Advisors
Accountant

Advised onVarian Medical Systems, Inc. purchases GE Medical Systems /Radiotherapy Service & Support Op from General Electric Company

Accountant

Advised onVarian Medical Systems, Inc. purchases Zmed, Inc.

Legal Advisor

Advised onVarian Medical Systems, Inc. purchases IKOEmed

Associate

Advised onVarex Imaging Corp. purchases PerkinElmer, Inc. /Medical Imaging Business from PerkinElmer, Inc.

Associate

Advised onVarex Imaging Corp. purchases PerkinElmer, Inc. /Medical Imaging Business from PerkinElmer, Inc.

Associate

Advised onVarex Imaging Corp. purchases PerkinElmer, Inc. /Medical Imaging Business from PerkinElmer, Inc.

Advisors & Consultants
Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Consultant

Global Head-Research & Development at Johnson & Johnson

Legal Advisor

Partner at Rimon, P.C.

Clients

Government of the United Kingdom is the central government of the United Kingdom of Great Britain and Northern Ireland.The government is led by the Prime Minister, who selects all the remaining ministers. The prime minister and the other most senior ministers belong to the supreme decision-making committee, known as the Cabinet.

Through our values of quality, integrity, service, innovation and transparency, Tenet is a disciplined operating company uniquely positioned for growth. Since 2003, Tenet's Commitment to Quality has improved the quality of medical care and patient safety at its hospitals and other businesses by evaluating processes and promoting best practices. As the world in which Tenet operates continues to change, Tenet's Commitment to Quality will remain focused on quality, the growing quality gap relative to top performers in the industry, and the fact that payers and employees use quality as a distinguishing factor. Visit the Quality Care page for more information. Tenet has taken the lead in addressing the needs of the uninsured through its Compact With Uninsured Patients. Established in 2003, the Compact focuses on treating patients without insurance fairly and with respect during and after their treatment, regardless of their ability to pay. Tenet also is committed to working with its patients through financial counseling and alternative payment options.

Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. In infrastructure and industry solutions the company plays a pioneering role. As of September 30, 2015, we had around 348,000 employees in more than 200 countries. In fiscal 2015, they generated revenues of €75.6 billion.

Key Stats and Financials As of 2018
Market Capitalization
$12.1B
Total Enterprise Value
$9.81B
Earnings Per Share
$1.62
Revenue
$2.92B
Net Profit
$150M
EBITDA
$554M
EBITDAMargin
18.99%
Total Debt
$0
Total Equity
$1.59B
Enterprise Value Sales
3.36x
Enterprise Value EBITDAOperating
17.7x
TEVNet Income
65.47x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
-1.92%
Five Year Compounded Annual Growth Rate Of Revenue
-0.14%
Non-Profit Donations & Grants
Political Donations
Investments
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Augmenix, Inc. develops hydrogel technology to improve outcomes in radiation oncology and surgery. Its products include TraceIT Tissue Marker and SpaceOAR System, which is an absorbable hydrogel spacer that reduces radiation injury to the rectal wall in men undergoing prostate radiotherapy. The company was founded by Amarpreet S. Sawhney in 2008 and is headquartered in Bedford, MA.

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Berkeley Lights, Inc. develops and commercializes platforms for the acceleration of discovery, development, and delivery of cell-based products and therapies. Its platforms automate the manipulation, analysis, and selection of individual cells, creating scalability and deep cell insights. The company was founded by Igor Y. Khandros, William H. Davidow, Michael E. Marks, and Ming C. Wu in 2011 and is headquartered in Emeryville, CA.

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Epic Sciences is a company that was founded to develop medical diagnostics characterizing circulating tumor cells; its initial product offering was a non-medical service offering analysis services to companies developing drugs. Epic was founded in 2008, and technology was licensed from Scripps Research Institute, based on inventions made by Peter Kuhn's lab at Scripps. The company's approach involves getting a blood sample, removing red blood cells, putting the remaining cells on a microscope slide, staining the cells with antibodies for a few cancer markers, imaging the slide, then using proprietary image analysis software that counts the stained cells and analyzes the cells based on morphophology and other factors; as of 2014 it took the software around two and a half hours to analyze a single slide; around 12 slides are generated from a standard 7.5 mL blood sample. As of 2014 it was offering its analysis services to drug companies as a way to measure outcomes in clinical trials. David Nelson was the first President and CEO and in 2012 Epic raised $13M in 2012 from Domain Associates, Roche Venture Fund and Pfizer Venture Investments. By 2014 Murali Prahalad was president and CEO and in July of that year the company raised an additional $30M. In April 2017, Epic raised another $40 million and as of that date had raise a total of $85.5 million.

Suppliers
Comtech Telecommunications Corp. IT Consulting & Services | MELVILLE, NY

Comtech Telecommunications Corp. engages in the design, development, production, and market of products, systems, and services for advanced communications solutions. It operates through the Commercial Solutions and Government Solutions segment. The Commercial Solutions segment offers satellite communications, public safety systems, and enterprise application technologies, which serves commercial customers and smaller government customers, such as state and local governments. The Government Solutions segment covers the integrated satellite equipment and designs, installs and operates data networks that integrate computing and communications. The company was founded in 1967 and is headquartered in Melville, NY.

Silicon Laboratories, Inc. Internet Software & Services | AUSTIN, TX

Silicon Laboratories (NASDAQ: SLAB) is an industry leader in the innovation of high-performance, analog-intensive, mixed-signal ICs. Mixed-signal ICs enable the analog world we live in to interact with the digital world of computing. Electronics ranging from your thermostat to your Smartphone are using more and more mixed-signal content as they become “smarter,” connected and more useful.

Siemens AG Computer Software | Deland, FL

Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. In infrastructure and industry solutions the company plays a pioneering role. As of September 30, 2015, we had around 348,000 employees in more than 200 countries. In fiscal 2015, they generated revenues of €75.6 billion.

Competitors
Cerner Corporation IT Consulting & Services - NORTH KANSAS CITY, MO

Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides value-added services, including implementation & training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third party administrator services for employer-based health plans. It operates through the following segments: Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The Global segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The company was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.

Epic Systems Corp. Computer Software - VERONA, WI

Epic Systems Corp. develops healthcare information systems. It offers inpatient clinical, electronic medical record, portable clinical information, core specialty support, operating room management, ICU/acute care support, and inpatient pharmacy services. The company also provides implementation, process engineering, training, optimization, architecture, and content services. Epic Systems was founded by Judith R. Faulkner in 1979 and is located in Verona, WI.

Koninklijke Philips NV Appliances & Electronics - Amsterdam, NH

Royal Philips Electronics of the Netherlands is a diversified Health and Well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 128,000 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2007, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare.

Awards & Honors
Rank #708
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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