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M&A & Private Equity / 24 Oct 2018

Borenius advised the owners of Noona Healthcare on the sale of the company to Varian Medical Systems

We advised the owners of Noona Healthcare Oy on the sale of Noona Healthcare to Varian Medical Systems.

Varian, headquartered in Palo Alto, California and listed on the New York Stock Exchange, is a leader in developing and delivering cancer care solutions and is focused on creating a world without fear of cancer.

Noona Healthcare is a developer of a cloud-based mobile service designed to capture cancer patient reported outcomes (PROs). The Noona patient software app allows clinics to capture PROs and communicate directly with patients. Noona’s intuitive user interface creates an engaging experience for patients that encourages a high rate of adoption and adherence over long periods. Noona helps patients and care teams to proactively manage patient symptoms, which could lead to improved clinical outcomes and reduced hospitalisation and emergency room visits.

Borenius has advised Noona Healthcare from the company’s founding and throughout each phase of the development of its business. We believe that this transaction is another testament to the added value that is created when we act as a close partner to our clients beyond the traditional role of legal counsel. This is particularly true in an emerging area such as digital solutions for healthcare where the legal and business landscape is changing rapidly.

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