Siemens Healthineers to Acquire Varian Medical Systems

Varian Medical Systems to Acquire Cancer Treatment Services International from TPG Growth

May 20, 2019

Healthcare Services

Varian Medical Systems has signed a definitive agreement to acquire Cancer Treatment Services International (CTSI) from TPG Growth / Asia Healthcare Holdings for $283 million. CTSI operates a network of oncology hospitals, diagnostic and treatment services across India and South Asia (including the American Oncology Institute and AmPath), employs more than 1,500 people, and the deal is expected to close in roughly two weeks subject to customary conditions.

Varian (Siemens Healthineers) Acquires Aspekt Solutions from L2 Capital

April 30, 2024

Healthcare Services

Varian, a Siemens Healthineers company, has acquired Aspekt Solutions, a provider of medical physics, dosimetry and radiation oncology consulting and staffing services. The seller was L2 Capital, which realized its 2017 investment in the business; terms were not disclosed. The acquisition expands Varian's Advanced Oncology Solutions offerings and its ability to deliver customized clinical and operational support to oncology providers.

Vanderlande to Acquire Siemens Logistics from Siemens

October 31, 2024

Logistics & Distribution

Dutch logistics automation specialist Vanderlande has signed an agreement to acquire Siemens Logistics from German technology company Siemens. The deal — approved by the management and supervisory boards (including Vanderlande’s parent Toyota Industries Corporation) and subject to regulatory approvals — will expand Vanderlande’s airport baggage, cargo handling and digital solutions capabilities and is expected to close next year.

Johnson & Johnson Acquires Shockwave Medical

April 5, 2024

Medical Devices

Johnson & Johnson will acquire Shockwave Medical for $335.00 per share in an all-cash transaction valued at approximately $13.1 billion including cash acquired. The deal adds Shockwave’s intravascular lithotripsy (IVL) technology to Johnson & Johnson MedTech, expanding J&J’s cardiovascular intervention portfolio and accelerating growth in high‑growth CAD and PAD markets.

Siemens Acquires Altair Engineering

March 26, 2025

Software

Siemens AG has completed the acquisition of Altair Engineering Inc. for an enterprise value of approximately USD 10 billion. The deal adds Altair's capabilities in mechanical and electromagnetic simulation, high-performance computing (HPC), data science and AI to Siemens' Xcelerator platform, strengthening Siemens' industrial software and digital twin offerings.

HEALWELL AI to Acquire VeroSource Solutions

June 11, 2024

Healthcare Services

HEALWELL AI Inc. has agreed to acquire VeroSource Solutions Inc. for total consideration of approximately $24.5 million in a two-step transaction (initial ~51% on July 1, 2024 and remaining ~49% expected about January 1, 2025), payable in cash, HEALWELL subordinate voting shares and a performance-based earn-out. VeroSource, a Canadian health-data interoperability and digital-front-door platform serving provincial health clients, is expected to generate over $8 million in 2024 with strong recurring revenue and margins and will expand HEALWELL's population-health and AI-driven capabilities.