By Olivia Bugault

Siemens Healthineers AG said late Wednesday that it has placed 75 million new shares with institutional investors at 36.40 euros a share ($43.16) resulting in gross proceeds of roughly EUR2.73 billion.

The German medical-equipment maker earlier the same day announced the launch of a cash capital increase, saying that its share capital would rise by up to 7.5% by issuing no-par value ordinary shares.

"As communicated earlier, Siemens Healthineers plans to use the proceeds from the capital increase, following deduction of commissions and expenses, to partially finance the announced acquisition of Varian Medical Systems, Inc.," it said.

Write to Olivia Bugault at olivia.bugault@wsj.com