Varian Medical Systems, a Palo Alto, Calif.-based medical-device and software manufacturer, has signed an agreement to acquire Calypso Medical Technologies for $10 million.
Varian Medical to acquire Calypso Medical
The deal, announced Tuesday, also allows for additional payments based on unit sales of Calypso’s products over the next two-and-a-half years, according to a Varian Medical news release.
Seattle-based Calypso is privately owned. It develops products and software that are used for real-time tumor tracking and motion management during radiosurgery and radiotherapy.
According to the release, Calypso's products complement Varian's motion management technology, which is also used in radiosurgery. Calypso's operations are expected to be integrated into Varian's oncology systems business unit but will continue to be based in Seattle.
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