PerkinElmer completes sale of medical imaging business

PerkinElmer has announced the completion of the sale of its medical imaging business to new owner Varex Imaging.

The deal, which was originally announced in December 2016, sees the company divest its portfolio of flat panel X-ray detectors that serve as components for industrial, medical and dental X-ray imaging systems to Varex Medical Systems.

Employing around 280 members of staff, the business is headquartered in Santa Clara, California, with operations in Germany, the Netherlands and the UK. A purchase price of around $276 million (213.64 million pounds) was agreed.

Varex expects the deal to accelerate its profitable growth, with more than $140 million in new revenue to be generated thanks to the closure of this transaction.

Robert Friel, chairman and chief executive officer of PerkinElmer, said: "The sale of medical imaging supports our strategy of redirecting our investments towards accelerating growth in key markets."

He previously expressed confidence that combining the medical imaging business with Varian's capabilities will better position the organisation to serve its customers and develop new product innovations.

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