Varian Medical Systems
|Type||Public (NYSE: VAR)
S&P 500 Component
|Headquarters||Palo Alto, California|
|Key people||Dow R. Wilson, President and CEO|
|Revenue||$2.1 Billion USD (2008)|
Varian Medical Systems (VMS) (NYSE: VAR) of Palo Alto, California, is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies informatics software for managing comprehensive cancer clinics, radiotherapy centers and medical oncology practices. Varian is a supplier of tubes and digital detectors for X-ray imaging in medical, scientific, and industrial applications and also supplies X-ray imaging products for cargo screening and industrial inspection. Varian Medical Systems employs approximately 5,100 people at manufacturing sites in North America, Europe, and China and approximately 79 sales and support offices around the world.
Varian was founded in 1948 as Varian Associates by Russell H. Varian, Sigurd F. Varian, William Webster Hansen, and Edward Ginzton to sell the Klystron, the first tube which could generate electromagnetic waves at microwave frequencies, and other electromagnetic equipment. By 1999, Varian Associates had branched into semiconductor, vacuum tube, and medical device fields. On April 2, 1999 these divisions split to become Varian Semiconductor, Varian, Inc. and Varian Medical Systems.
Varian corporate headquarters is in Palo Alto, California. In September 2012, Dow Wilson replaced Timothy Guertin as President and CEO. Guertin had been the CEO since 2006 when he replaced Richard M. Levy, who had been with Varian for 37 years and still serves as chairman of the board of directors. Wilson is a graduate of Brigham Young University, and holds an MBA from the Amos Tuck School of Business at Dartmouth.
Varian operates a corporate philanthropy and charitable giving organization through the Varian Medical Systems Foundation. It operates within the Community Foundation of Silicon Valley (CFSV).
Varian has facilities in California, Georgia, Illinois, Massachusetts, Nevada, New Jersey, South Carolina, Utah, Virginia, Austria, Bahrain, Belgium, Denmark, Finland, France, Germany, India, Italy, Netherlands, Russia, Saudi Arabia, Spain, Switzerland, United Kingdom, China, Hong Kong, Japan, Malaysia, Singapore, Thailand, Brazil, Canada, United Arab Emirates and Australia.
- 2009 Number 12 in the BusinessWeek 50 listing of best performing public corporations 
- 2007 Number 14 in the BusinessWeek 50 listing of best performing public corporations 
- 2007, 2008, 2009 Named one of IndustryWeek's "50 Best Manufacturing Companies" in the U.S.
- 2006 R&D 100 Award
- 2006 Forbes Global High Performer
- 2004, 2005 Forbes Platinum 400 list
Varian Medical Systems has acquired other companies including, Pan-Pacific Enterprises, ACCEL Instruments, Bio-Imaging Research, Inc. Sigma Micro Informatique Conseil, and Argus Software.
University of Pittsburgh litigation
On April 25, 2012 a US federal judge in Pittsburgh awarded attorney fees, costs, and doubled damages totaling $73.6 million to the University of Pittsburgh after the university won a suit on medical patent infringement grounds against Varian.
- "Varian Medical Systems, Inc.: NYSE:VAR quotes & news - Google Finance". Google.com. Retrieved 2012-07-11.
- "Varian Medical Systems Inc. - IW 50 Best Manufacturing Company PROFILE - 2009". Industryweek.com. Retrieved 2012-07-11.
- BW 50: Varian Medical Systems Profile
- [dead link]
- Forbes Global High Performers - Forbes.com
- MTB Europe - Varian acquires Chinese medical equipment distributor
- MTB Europe - Varian to acquire German proton therapy system supplier ACCEL Instruments
- Varian Medical Systems acquires Sigma Micro Informatique Conseil
- Varian Medical Systems Acquires Argus Software; Argus Software Automates Collection of Quality Control and Test Data for Radiation Equipment. | Company Activities & Management > Company Structures & Ownership from AllBusiness.com
- "Pitt to receive $73.6 million for patent infringements". Pittsburgh Post-Gazette. 2012-04-25. Retrieved 2012-07-11.
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