Varex Imaging Corporation

Varex Imaging Corporation

Supplies medical X-ray tubes and imaging solutions

About Varex Imaging Corporation

Simplify's Rating
Why Varex Imaging Corporation is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Biotechnology

Healthcare

Company Size

501-1,000

Company Stage

IPO

Headquarters

Salt Lake City, Utah

Founded

2016

Overview

Company Does Not Provide H1B Sponsorship

Varex Imaging Corporation specializes in providing medical X-ray tubes and image processing solutions. Their products utilize X-ray energy to enhance various applications, including medical imaging, cargo screening, and border security. Varex offers a wide range of components such as high-voltage connectors, X-ray collimators, ionization chambers, and digital imaging systems. What sets Varex apart from its competitors is its extensive catalog and focus on helping customers become leading system suppliers, allowing them to improve their competitiveness and speed up product development. The company's goal is to improve and save lives by making the invisible visible through advanced imaging solutions.

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Simplify's Take

What believers are saying

  • LUMEN HD products align with the growing digital imaging adoption in healthcare.
  • The $125M senior notes offering positions Varex well for financial obligations.
  • Participation in CJS Securities conference enhances visibility among potential investors.

What critics are saying

  • High 7.875% interest on senior notes may strain Varex's finances.
  • Competition from rapidly growing companies like Pure Healthcare could impact market share.
  • Failure to meet sales targets for LUMEN HD products could result in financial losses.

What makes Varex Imaging Corporation unique

  • Varex Imaging launched LUMEN HD and LUMEN HD Pro for advanced radiography demands.
  • The company secured a $155M flexible credit facility for operational flexibility.
  • Varex's strategic debt restructuring optimizes its capital structure for future obligations.

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Funding

Total Funding

$455M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Holidays

Unlimited Paid Time Off

Employee Stock Purchase Plan

401(k) Company Match

Paid Parental Leave

Short & Long-Term Disability and Life Insurance

Competitive Pay

Flexible Work Hours

Variety of Shift Options

Employee Discounts

Tuition Reimbursement

Employee Referral Program

Career Advancement Opportunities

Free Safety Shoes

Friendly Work Environment

On-site Cafeteria, Company Nurse, Credit Union, and Gym

Free Coffee and Soda

EV Charging Stations

Company News

Stock Titan
Jan 8th, 2025
Varex to Participate in CJS Securities 25th Annual New Ideas for the New Year Virtual Conference

Varex to participate in CJS Securities 25th Annual New Ideas for the New Year Virtual Conference.

Aunt Minnie
Dec 23rd, 2024
Varex closes $125M private offering

Radiology components supplier Varex Imaging has closed a $125 million private offering of senior secured notes.

Stock Titan
Dec 16th, 2024
Varex Imaging Launches $125M Senior Notes Offering to Refinance 2025 Convertible Debt

Varex Imaging secures additional funding through 7.875% senior secured notes, backed by key assets, to address upcoming convertible notes maturity in strategic debt restructuring.

World Business Outlook
Dec 2nd, 2024
Varex Imaging Corporation Launches LUMEN HD's For New Healthcare Imaging

Varex imaging corporation launches LUMEN hd's for new healthcare imaging.

Business Wire
Dec 1st, 2024
Varex Introduces LUMEN HD and LUMEN HD Pro: Radiography Detectors Built for the New Demands in Imaging

Varex introduces LUMEN HD and LUMEN HD Pro: radiography detectors built for the new demands in imaging.

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