En Es
Categories

Industry News

Bracco, Guerbet Reportedly Targeting Bayer Radiology Business

By Medimaging International staff writers
13 Dec 2016

Image: Bayer is considering the sale of its radiology supplies unit, with Bracco and Guerbet among the interested buyers (Photo courtesy of Bayer).Italian healthcare group Bracco S.p.A. (Milan, Italy) is reportedly working on a potential bid for the radiology supplies unit of Bayer AG (Leverkusen, Germany).

Since May this year, there have been reports that Bayer might be willing to part with its USD 3 billion radiology supplies unit comprising of radiological contrast agents and injection equipment that earns revenues of more than USD 1.7 billion. Bayer’s Gadavist for MR scans and Ultravist for CT are among its most widely used contrast agents, raking in over USD 300 million in 2015.

Bracco is now reported to have entrusted an investment bank with the task of locating a partner for a possible joint offer for the unit valued at more than USD 4.3 billion. Meanwhile, Guerbet (Paris, France), a specialist in contrast agents and solutions for medical imaging, is apparently also in talks with potential partners to acquire Bayer’s radiology supplies business.

Bayer is yet to make a final decision on selling its radiology supplies unit. However, earlier this year, it had reportedly mandated Goldman Sachs (New York City, NY, USA) as a sell-side advisor and sent out information to prospective buyers. Bayer is also offering its radiology supplies business to interested private equity parties and the auction had been expected to start next year, according to reports.

Related Links:
Bracco
Bayer
Guerbet
Goldman Sachs


E-mail Print
FaceBook Twitter Google+ Linked in

Bayer HealthCare

Bayer's radiology division provides diagnostic imaging solutions, which includes medical devices, contrast media, integrated dose-management software (radiation dose and contrast dose), and equipment service. Its portfolio of products is suitable for patient care in CT, MRI, PET, and interventional studies.
More info

Additional news

27 Sep 2022
Mindray Showcases Hematology Innovations at ISLH 2022
Mindray (Shenzhen, China) showcased its hematology innovations and academic achievements to medical experts from Europe and around the world at the International Symposium on Technological Innovations in Laboratory Hematology (ISLH 2022) held between September 8-10 in Bologna, Italy.
Read More
23 Sep 2022
Parker Labs Partners with Tristel to Deliver Ultrasound Disinfectant for U.S. Market
Parker Laboratories Inc. (Fairfield, NJ, USA) has entered a commercial partnership with Tristel plc (Newmarket, UK) to manufacture and distribute the company's disinfectant foams for U.S. markets.
Read More
19 Sep 2022
Pluslife and FIND Set Collaborate to Empower LMICs with Next-Gen POC Molecular Testing in Women’s Healthcare
Guangzhou Pluslife Biotechnology (Pluslife, Guangzhou, China) and the Foundation for Innovative New Diagnostics (FIND, Geneva, Switzerland) have entered into a strategic collaboration to support low- and middle-income countries (LMICs) in the development of diagnostic tools for women’s healthcare by providing access to next generation point of care (POC) molecular testing technology.
Read More
19 Sep 2022
RSNA 2022 to Showcase Latest Technologies for Advancing Patient Care
The Radiological Society of North America’s (RSNA, Oak Brook, IL, USA) has announced Technical Exhibits highlights for their 108th Scientific Assembly and Annual Meeting (RSNA 2022) held in Chicago at McCormick Place, Nov. 27 – Dec. 1.
Read More
16 Sep 2022
International Hospital Federation Awards 2022 Finalists Announced
The International Hospital Federation (IHF; Geneva, Switzerland) has announced the finalists of the IHF Awards 2022 after scoring entries in seven categories.
Read More
16 Sep 2022
Intelerad Acquires Life Image to Create World’s Largest Medical Image Exchange Network
Intelerad Medical Systems (Raleigh, NC, USA), a leading global provider of enterprise imaging solutions, has acquired Life Image (Newton, MA, USA), one of the largest image exchange networks of curated clinical and imaging data, creating the largest medical image exchange network in the world and laying the groundwork for the elimination of costly CDs as the primary means of image transfer.
Read More
13 Sep 2022
Global Diagnostic Labs Market Driven by Increased POCT Testing and Smart Portable Devices
The global diagnostic labs market is projected grow at a CAGR of 8.3% from over USD 297 billion in 2021 to more than USD 514 billion by 2028, driven by the increasing prevalence of chronic diseases, growing use of POC diagnostics, and rising healthcare expenditures.
Read More
12 Sep 2022
ECR 2023 Now Set to Take Place from 1-5 March in Vienna
The European Society of Radiology (ESR, Vienna, Austria) has announced that the European Congress of Radiology (ECR) 2023 will now take place on March 1-5, 2023 in Vienna.
Read More
09 Sep 2022
Global PCR and Real-Time PCR Testing Market Driven by Need for Early Disease Detection
The global PCR and real time PCR testing market is expected to grow at a CAGR of 6.2% from USD 18.5 billion in 2021 to USD 19.64 billion in 2022 and further grow to USD 24.61 billion in 2026 at a CAGR of 5.8%.
Read More
Copyright © 2000-2022 TradeMed.com. All rights reserved. | Terms And Conditions