Brief: STERIS Expands Healthcare Consumables Offering With Definitive Agreement To Acquire Xodus Medical, A Specialty Surgical Products Business Focused On Patient And OR Staff Safety
BRIEF-STERIS Expands Healthcare Consumables Offering With Definitive Agreement To Acquire Xodus Medical, A Specialty Surgical Products Business Focused On Patient And OR Staff Safety Oct 12 (Reuters) - STERIS plc STE.N:
STERIS EXPANDS HEALTHCARE CONSUMABLES OFFERING WITH DEFINITIVE AGREEMENT TO ACQUIRE XODUS MEDICAL, A SPECIALTY SURGICAL PRODUCTS BUSINESS FOCUSED ON PATIENT AND OR STAFF SAFETY
STERIS - SIGNS AGREEMENT TO BUY XODUS MEDICAL FOR $2.10 BILLION AT CLOSING
STERIS - EXPECTS NET PURCHASE PRICE OF $1.80 BILLION AFTER $300 MILLION CASH TAX BENEFITS
STERIS - POTENTIAL EARNOUT CONSIDERATION UP TO $150 MILLION BASED ON 2028 PERFORMANCE TARGETS
STERIS PLC: DEAL EXPECTED TO BE ACCRETIVE TO TOP-LINE GROWTH, MARGINS AND ADJUSTED EARNINGS
STERIS - DEAL EXPECTED TO CLOSE BY DEC 31, 2026, DEAL EXPECTED TO BE FINANCED PRIMARILY WITH DEBT
Source text: ID:nGNX3mv18p
Further company coverage: STE.N
((Reuters.Briefs@thomsonreuters.com;))