Features | Partner Sites | Information | LinkXpress
Sign In
Schiller
Ampronix
ElsMed

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

Channels

Radiography

view channel

Breast Radiotherapy Reduced to More Convenient Once-Weekly Regimen Option

An investigational regimen of once-weekly breast irradiation following lumpectomy is more convenient to patients at a lower cost, results in better completion rates of prescribed radiation treatment, and generates cosmetic outcomes comparable to the current routine of daily radiation. These interim findings of the five-year... Read more

MRI

view channel

Dyslexic Patients Shown to Have Disordered Network Connections in the Brain

Scientists conducted a whole-brain functional connectivity analysis of dyslexia using functional magnetic resonance imaging (fMRI), and revealed how brain activity is disordered in dyslexic patients. Dyslexia is a neurologic reading disability that occurs when the regions of the brain that process written language do... Read more

Nuclear medicine

view channel

PET Imaging Reveals Brain Benefits from Weight Loss After Bariatric Surgery

Imaging studies revealed that weight loss surgery has been found to suppress changes in brain metabolism associated with obesity and improve cognitive function involved in planning, strategizing, and organizing. Therefore, researchers have hypothesized that a specific surgical procedure could reduce risk of Alzheimer’s... Read more

General/Advanced Imaging

view channel
Image: From left, Guy Genin, PhD, John Boyle and Stavros Thomopoulos, PhD, watch as a sample is exposed to stress and force. They have developed algorithms that may lead to the ability to identify weak spots in tendons, muscles and bones (Photo courtesy of Washington University in St. Louis).

Image Analysis Algorithms Devised to Find Weak Spots in Muscles, Tendons, and Bones prone to Tearing, Breaking

Researchers have developed algorithms to detect weak spots in muscles, tendons, and bones predisposed to tearing or breaking. The technology, which needs to be further refined before it is used in patients,... Read more

Imaging IT

view channel

Interactive Dashboard and Visualization Tool Designed for Oncologists

A new tool has been developed to help users of an information system for radiation oncology to analyze data and use metrics to help make more informed decisions. Varian Medical Systems (Palo Alto CA, USA), a developer of cancer treatment technology and informatics software for managing comprehensive cancer clinics, will... Read more

Industry News

view channel

USD 12 Billion Out of Total Spent on Medical Imaging Squandered in the US

The United States wastes close to USD 12 billion on unnecessary medical imaging yearly, according to a new survey of 196 hospital leaders. Smart data company peer60 (American Fork, UT, USA) surveyed 196 healthcare leaders about medical imaging in less than two weeks and found a number of reasons for the squandered resources.... Read more
 
Copyright © 2000-2014 Globetech Media. All rights reserved.