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Stock Market & Financial Investment News

News Breaks
July 24, 2014
08:20 EDTVARVarian Medical selected to equip first satellite radiotherapy center in Scotland
Varian Medical has been selected to equip the new radiotherapy center in Glasgow to open next year and an order was placed in June for four TrueBeam medical linear accelerators.
News For VAR From The Last 14 Days
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July 30, 2015
16:04 EDTVARVarian Medical awarded $23M order to equip hospitals in Spain
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July 29, 2015
16:41 EDTVARVarian Medical down 3.8% after reporting Q3 earnings, acquires Claymount
16:40 EDTVARVarian Medical acquires Claymount for EUR 50M
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16:39 EDTVARVarian Medical raises FY15 EPS view to $4.20-$4.25 from $4.02-$4.14
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16:37 EDTVARVarian Medical reports Q3 EPS $1.13, consensus $1.11
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July 27, 2015
08:07 EDTVARVarian Medical selected by NHS to equip two therapy centers
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July 21, 2015
08:35 EDTVARVarian Medical signs agreement to operate first proton facility in New York
Varian Medical Systems (VAR) announced that it has entered into an agreement with New York Proton Management, a consortium of leading New York healthcare institutions including Memorial Sloan Kettering Cancer Center, Mount Sinai Health System, Montefiore Health System, and ProHEALTH Medical Management formed to operate The New York Proton Center, the first proton facility in New York State. Varian will provide the center, which will have four treatment rooms and a research room, with its ProBeam system, as well as 10 years of service for approximately $115M. The center, which will be located in Manhattan, is expected to open for treatment in the first half of 2018. Varian expects to book the equipment portion of the order in Q4 with the remainder of the order to be booked in accordance with the company's policies over the term of the agreement. Under an agreement with MM Proton I, LLC, the project developer, Varian's international subsidiary in Switzerland will provide $91.5M in project financing, including a six-and-half-year $73M senior first lien loan at 9% interest and a six-and-half-year $18.5M subordinate loan at up to 13.5% interest. Other lenders for the $242.7M in total project loans include JPMorgan Chase Bank (JPM) and an affiliate of The Goldman Sachs Group (GS). The project facility is managed by Murphy & McManus, a Boston-based developer of healthcare and life science facilities and Norton Travis of NLT Advisors served as project coordinator on behalf of the consortium.

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