Varian Medical Systems closes on Zmed acquisition

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Varian Medical Systems Inc. on Oct. 27 completed its acquisition of radiation oncology software and accessories supplier Zmed Inc.

 Varian Medical Systems paid approximately $35.5 million for the privately-held company. Zmed supplies radiation oncology software and accessories for ultrasound-based, image-guided radiotherapy (IGRT), stereotactic radiation treatments and image management.

 Zmed is expected to add revenues of $16 million to $18 million to Varian Medical Systems' coffers in FY04. Zmed now is part of Varian's Oncology Systems business segment and will continue to operate from facilities in Ashland, Mass.