Varex Imaging Corp

# Signal Note: Deerfield Initiates VREX Position Deerfield's $1.5M entry into Varex Imaging suggests confidence in the medical device imaging market, likely driven by secular tailwinds in diagnostic imaging demand post-pandemic recovery and potential operational improvements under current management. The position size is modest relative to Deerfield's typical healthcare allocations, indicating this is a tactical rather than conviction-level bet. Key catalysts to monitor: FY2024 margins, oncology/cardiology imaging adoption rates, and any M&A activity in the diagnostic imaging space.