Scion Medical Limited
Classification
Private
About
About
Scion Medical Limited is a medical device company founded in 2011, with its headquarters located in Hangzhou, China. The company established a U.S. subsidiary, Scion Medical Technologies, LLC and a China subsidiary Alicon Pharmaceutical Sci & Tec Co., Ltd., and was acquired by Varian Medical Systems in 2019 as part of a dual transaction that also included Endocare, Inc. Business/Product Breakdown Scion Medical Limited develops and manufactures interventional oncology devices, primarily embolic microspheres for transarterial chemoembolization in the treatment of liver cancer. Its flagship products include DC Bead and DC Bead LUMI, drug-eluting and radiopaque beads designed to deliver chemotherapeutic agents directly to tumor sites while occluding blood supply to the malignancy. The company operates manufacturing facilities in China compliant with international standards and supports global distribution through regulatory clearances in the United States, Europe, and Asia. Following the acquisition, its technology has been integrated into broader oncology treatment platforms.
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
Keywords
Keywords
Classified
Private