Mountain View, CA,
November 7, 2000
The Department of Justice announced yesterday its intention to
challenge, on antitrust grounds, the proposed merger between
privately held IMPAC Medical Systems, Inc., based in Mtn. View,
CA., and Varian Medical Systems, Inc. (NYSE:VAR) based in Palo
Alto, CA. As a result, the companies have chosen to abandon their
merger plans.
“We entered into this transaction because we believed the
combination would benefit cancer patients and providers by
accelerating the deployment of leading-edge cancer therapies to
hospitals and cancer centers throughout the United States and the
world” stated Joseph K. Jachinowski, President and CEO of IMPAC.
“We respectfully disagree with the narrow view the Department of
Justice took with regard to the overlap of our businesses and
their perception that the merger would be detrimental to the
oncology community.”
“For over ten years IMPAC has been the leading provider of
information management solutions in the field of oncology, and an
ardent supporter of open systems integration. Going forward, IMPAC
will continue to pursue its business mission to forward the
advancement of cancer care through the development of innovative,
practical information management technology to improve the quality
and reduce the cost of care,” said Jachinowski.
IMPAC
Medical Systems, Inc. is the leading provider of integrated
clinical and administrative management systems for cancer
specialists. Specializing in the development of practice
management, electronic medical record, image management and
decision support software, IMPAC offers practical solutions that
help healthcare providers better manage the process of delivering
care. IMPAC is privately held and is based in Mountain View,
Calif. Founded in 1990; IMPAC systems are utilized by over 20,000
clinicians to manage the daily care of more than 50,000 cancer
patients. For more information about IMPAC Medical Systems’
products and services, please call 650-623-8800 or visit
http://www.impac.com. |
