Varian Medical Systems Inc. (NYSE:VAR) reached an agreement to acquire Infimed, Inc. for $15 million on March 5, 2012. Under the terms of agreement, there would be further earn out payments based on sales of InfiMed products over the next 24 months. Infimed, Inc. will operate within the Varian's X-Ray products segment. InfiMed generates $15 million in annual revenues. The transaction is subject to certain closing conditions and is expected to complete in early April 2012. Varian expects that the acquisition will be about neutral to earnings per diluted share in fiscal year 2012. Varian Medical Systems Inc. (NYSE:VAR) completed the acquisition of Infimed, Inc. on April 3, 2012.