News | Radiology Imaging | July 25, 2016

Varian Medical Systems Announces Name for Imaging Components Business

Spinoff company Varex Imaging Corp. as standalone business expected to be completed by end of calendar year 2016

Varian, Varex Imaging Corp., components, new name, spinoff

July 25, 2016 — Varian Medical Systems announced last week that Varex Imaging Corp. will be the name for its Imaging Components business upon the completion of the planned spin-off of that business as a new, stand-alone public company via a tax-free distribution to Varian stockholders. The transaction is anticipated to be completed by the end of calendar year 2016. 

Varian Imaging Components is a global supplier of components, software and engineering services for imaging equipment manufacturers and system integrators in the medical diagnostics, dentistry, veterinary care, security and industrial inspection industries. It manufactures X-ray tubes, high-energy X-ray sources, flat panel image detectors, connectors, collimators and image processing software — all key components of X-ray imaging systems.  The planned spin-off of Varian Imaging Components is subject to numerous conditions, including final approval by the Varian Board of Directors, effectiveness of a Registration Statement on Form 10 to be filed with the Securities and Exchange Commission, and receipt of an opinion of counsel regarding the federal income tax treatment of the spin-off.

For more information: www.varian.com

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