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Healthcare IT Business

OpTx purchased for US$18 million by California company

Varian Medical Systems Inc. of Palo Alto, Calif., announced it will acquire Denver-based OpTx, a privately held supplier of software for medical oncology practices in cancer clinics, for approximately $18 million. OpTx was launched in Winnipeg, and still employs staff there and in Edmonton, along with Denver.

According to the company, about 60 employees at these offices are being offered jobs with Varian, and the facilities in Winnipeg, Edmonton and Denver will remain open.

Varian officials said they anticipate the acqunearly neutral to earnings for the company in the current fiscal isition initially will add annual revenues of approximately $9 million and be year.

The acquisition will enable Varian to offer an integrated software system for managing and coordinating radiation therapy and chemotherapy routinely used in the treatment of cancer.

Varian will own the OpTxTools software, which it will continue to develop, sell, install and service worldwide as a stand-alone product for medical oncology practices and as part of its VARiS software for coordination with radiation oncology.

"By acquiring this proven software product, we can now integrate it more seamlessly into our VARiS software for radiation therapy," said Richard Levy, chairman and CEO of Varian Medical Systems, in a statement. "This will enable Varian to provide cancer treatment facilities with software that combines and manages information including appointments, treatment regimens, and charge capture for both radiation therapy and chemotherapy within a single electronic medical record for every patient.

 

 

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