Warsaw-based Candela, which employs 40 workers, was Varian’s distributor in Poland for 20 years. The deal closed yesterday after Polish anti-trust regulators OKed the transaction.
“By bringing Candela’s radiotherapy business into the Varian family we hope to serve our Polish customers even more effectively and continue to improve access to advanced care for cancer patients in the country,” EMEIA oncology systems president Jean-Luc Devleeschauwer said in prepared remarks. “Candela’s radiotherapy business has an experienced team with strong customer relationships and we were keen to bring this local expertise into Varian.”
“This acquisition strengthens Varian’s position in Poland at a time when both the public and private sectors are investing in modern radiotherapy and radiosurgery equipment to equip the country’s hospitals,” added Candela CEO Aleksander Naumann, who’s slated to become managing director of Varian Medical Systems Poland. “Varian’s global network and experience will allow us to better serve Polish patients and contribute to Poland’s ability to tackle the scourge of cancer with cost effective, state-of-the-art solutions.”
There are more than 80 Varian medical linear accelerators installed in Polish radiotherapy departments, the Palo Alto, Calif.-based company said.
Varian, which is planning a spinout for its imaging component business as Varex Imaging, posted profits of $98.9 million, or $1.04 per share, on sales of $789.4 million for the 3rd quarter. The bottom line shrunk -12.9% as sales grew 0.7% compared to the same quarter in 2015. But adjusted earnings per share were $1.22, topping analysts’ consensus for $1.17; Wall Street was looking for sales of $779.9 million for the round.
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