Varian Medical Systems Buys Endocare, Scion Medical for $185m

June 10, 2019, 8:59 PM UTC

Varian Medical Systems acquired Endocare Inc. and Scion Medical Limited for $185 million to add cryoablation and microwave ablation therapies to its portfolio.

  • Endocare, based in Austin, Texas, provides hardware and software to support cryoablation and microwave ablation
  • Scion Medical owns Hangzhou Alicon Pharmaceutical Sci & Tec, a China-based provider of embolic therapy for liver cancer
  • Varian said Endocare and Alicon generated combined revenue of $30 million in 2018

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