Accuray, Inc. (ARAY) Acquires TomoTherapy, Inc. (TOMO) to Boost Industry Offerings and Opportunity
Radiation oncology company Accuray, Inc. today announced it has completed its acquisition of TomoTherapy, Inc. to create a premier radiation oncology company with best-in-class technologies to fight cancer. The combined company will focus on the development, manufacturing and selling of personalized, leading-edge treatment solutions, including high-precision radiosurgery and image-guided, intensity modulated radiation therapy. "The successful closing of this transaction is a significant accomplishment and an important milestone in Accuray's history. Scale is important in the capital equipment industry, and today Accuray's installed base more than doubles, generating greater opportunity for service revenue and for replacement business over time to customers…