Monday, June 13, 2011

Accuray completes $277M TomoTherapy acquisition

Accuray Inc. wrapped up its $277 million acquisition of TomoTherapy Inc.
Sunnyvale-based Accuray (NASDAQ: ARAY), which went public in 2007, makes laser cancer surgery technology under the “CyberKnife” brand. TomoTherapy, based in Madison, Wis., makes radiation treatment systems for cancer.
As a combined business, they’ll have 1,100 people working for them and will have combined sales of about $400 million a year.

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