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Siemens Healthineers to Acquire Novartis' Diagnostic Arm for $244M Expanding PET Imaging Capabilities

Basel, Switzerland and Washington, DC, August 26, 2024 (finance.yahoo) -- Siemens Healthineers is set to acquire the diagnostic arm of Advanced Accelerator Applications (AAA) from Novartis for over $244 million. The acquisition will enhance Siemens Healthineers' capabilities in producing radioactive chemicals used in PET scans, leveraging AAA's cyclotron network. This move enables extended reach into the European market and strengthens Siemens Healthineers' position in the diagnostic imaging sector.


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