Radiation oncology firm Varian Medical Systems has entered into an agreement with JPMorgan Chase Bank regarding a loan commitment for a proton therapy center.
The bank has agreed to take on $45 million of Varian's approximately $115 million loan commitment to fund the construction and initial operations of the Scripps Proton Therapy Center in San Diego. JPMorgan Chase purchased $38.1 million of Varian's outstanding loans and is obligated to pay up to an additional $6.9 million of the remaining loan commitment for the center, Varian said.
Patient treatments started in February at the Scripps Proton Therapy Center. Varian also has proton installations at the Rinecker Proton Therapy Center in Munich and the Paul Scherrer Institute in Switzerland.
