Features | Partner Sites | Information | LinkXpress
Sign In

Varian Acquires MRI Magnet Manufacturer

By HospiMedica staff writers
Posted on 18 Oct 2004
Varian, Inc. (Palo Alto, CA, USA) has agreed to acquire Magnex Scientific, Ltd. (Oxford, UK) for U.S.$32 million. Magnex designs and manufactures magnetic resonance imaging (MRI) magnets. It is also an international supplier of vertical high-resolution nuclear MR (NMR) magnets, superconductor magnets for Fourier transform mass spectroscopy (FTMS), and MR microscopy gradients.

In connection with the acquisition, Varian also plans to rationalize its field support administration in the United Kingdom, which is expected to result in charges to earnings totaling about $2.0 million. Magnex will be operated as a wholly owned subsidiary of Varian. Varian will continue its longtime partnership with Oxford Instruments Superconductivity, which supplies high-resolution magnets for the company's NMR spectrometer systems, and Magnex will continue to offer its complete range of MRI, NMR, and FTMS magnets to its existing customer base.

"The acquisition of Magnex is strategic to advancing Varian, Inc.'s drive into magnetic resonance imaging. Magnex's expertise in the design of MR imaging will help Varian, since magnet technology is core to both MR imaging and high-resolution NMR. Having this capability further supports Varian's efforts to expand the use of these information-rich detectors,” stated Garry W. Rogerson, president and CEO, Varian.

The acquisition follows a successful five-year relationship, during which Magnex has been manufacturing state-of-the-art MRI magnet systems for Varian. It also builds on Magnex's supply to Varian of the Actively Shielded 800 mHz magnet. "This acquisition affords Magnex the opportunity to accelerate the development of cutting-edge magnet technology to grow our position in MR imaging magnets as well as to improve customer care and after-sales support through Varian, Inc.'s global sales and support infrastructure. We look forward to this exciting new phase in the history of Magnex and its continuing development within the Varian, Inc.'s family,” remarked David Rayner, managing director and a founder of Magnex.

Related Links:
Varian, Inc.
Magnex Scientific

Supersonic Imagine
PHS Technologies



view channel
Image: Philip\'s IQon Spectral CT system (Photo courtesy of Philips Healthcare).

Spectral CT System Receives US Approval

A first-of-its kind computed tomography (CT) imaging technology provides anatomic data and the ability to characterize structures based on their material content within a single scan. The enhanced image... Read more


view channel

Scientists Establish New Guidelines for Improved MRI Prostate Cancer Diagnosis

A new scientific partnership has the goal of accelerating the transfer of high quality prostate magnetic resonance imaging (MRI) findings from the laboratory to the clinic. The Joint Steering Committee of the American College of Radiology (ACR; Reston, VA, USA), AdMeTech Foundation (Boston, MA, USA),and the European... Read more


view channel

Breast Density Notification Laws in the USA Found to Considerably Raise Costs Yet Save Few Lives

Laws requiring supplemental ultrasound screening for women with dense breasts would significantly increase costs and save comparatively few lives, according to new research. The study was conducted by investigators from a number of leading medical institutions worldwide, including the University of Vermont (Burlington,... Read more

General/Advanced Imaging

view channel
Image: The DermSpectra total body digital skin imaging system (Photo courtesy of DermSpectra).

Total Body Digital Skin Imaging System Developed for Dermatology and Primary Care Practices

A total body digital skin imaging system enables physicians to track critical skin changes (skin cancers, eczema, lesions, psoriasis, and rashes) in their office, over time. The DermSpectra (Tucson,... Read more

Imaging IT

view channel

New Healthcare IT Products and Medical Imaging Systems Revealed

A wide range of new advanced information management systems and diagnostic image products aimed at improving hospital workflows and efficiency, and patient outcomes, have been revealed by a major healthcare Information Technology (IT) provider at Radiological Society of North America (RSNA 2014). The new IT offerings... Read more

Industry News

view channel

Partnership Established to Expand Integration Systems for Image-Guided Minimally Invasive Therapies

Philips Healthcare (Best, The Netherlands), a developer of image-guided therapies, has signed an agreement with Image Stream Medical (ISM; Littleton, MA, USA) that allows Philips to further expand its integration systems for its hybrid suite and interventional lab solutions with integrated video and live-streaming capabilities.... Read more
Copyright © 2000-2014 Globetech Media. All rights reserved.