Siemens Healthineers to buy Novartis unit for over $223 million, FT reports
Adds details from report in paragraph 2, adds background in paragraph 4
Aug 24 (Reuters) -Siemens Healthineers SHLG.DE will pay more than 200 million euros ($224 million) to acquire the diagnostic arm of Advanced Accelerator Applications, owned by Novartis NOVN.S, the Financial Times reported on Saturday.
The deal is expected to close in the last quarter of the year, the newspaper reported, adding that Siemens Healthineers, and Novartis will also work together to increase supply of the nuclear isotopes used in radiopharma drugs such as Lutather.
Novartis, Advanced Accelerator Applications and Siemens Healthineers did not immediately respond to request for comment outside regular business hours.
In 2017, Novartis bought France's Advanced Accelerator Applications for $3.9 billion to build out Novartis's arsenal of medicines to target cancer using radioactive substance.
($1 = 0.8937 euros)
Reporting by Gursimran Kaur in Bengaluru; Editing by Jan Harvey and Giles Elgood
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