Radiation devices firm Varian plans to expand business through PPP in India1 min read . Updated: 05 Mar 2016, 02:08 AM IST
Varian in discussions with Indian govt to set up advanced radiation therapy treatment machines at public funded tertiary care hospitals across India
Hyderabad: Varian Medical Systems Inc., a California, US-based maker of radiation devices, on Friday said it’s in discussions with Indian government to set up advanced radiation therapy treatment machines at public funded tertiary care hospitals across India under public private partnership (PPP) model.
“We have put in place several different financial vehicles over the years to work with governments, who are looking to make this large scale healthcare investments particularly on radiation oncology, we have done that successfully done in UK with National Health System," said Kolleen Kennedy, president of Varian’s oncology business.
Varian’s oncology division contributes about 85% of its total sales.
Varian is yet to sign any definitive agreement with the Indian government, but said the discussions were on.
“We are very committed to finding ways (in India) to support that in an economic perspective," Kennedy.
Varian, which is listed on New York Stock Exchange, had sales of $3.1 billion for fiscal year 2015.