M&A Deal Summary |
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---|---|
Date | 2020-10-06 |
Target | Key Surgical |
Sector | Medical Products |
Buyer(s) | Steris |
Sellers(s) | Water Street Healthcare Partners |
Deal Type | Add-on Acquisition |
Deal Value | 850M USD |
Advisor(s) | Piper Sandler & Co. (Financial) Winston & Strawn (Legal) |
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Category | Company |
---|---|
Founded | 1985 |
Sector | Medical Products |
Employees | 18,000 |
Revenue | 5.1B USD (2024) |
Steris is a provider of pre-eminent infection prevention, decontamination, and surgical and critical care company. Steris healthcare services through knowledgeable people and innovative infection prevention, decontamination and health science technologies, products and services. Steris was founded in 1985 and is based in Dublin, Ireland.
DEAL STATS | # |
---|---|
Overall | 8 of 10 |
Sector (Medical Products) | 4 of 6 |
Type (Add-on Acquisition) | 8 of 9 |
State (Minnesota) | 1 of 1 |
Country (United States) | 7 of 9 |
Year (2020) | 1 of 1 |
Size (of disclosed) | 2 of 5 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-09-01 |
Steris - Applied Infection Control Business
Leicester, United Kingdom Steris Plc - Applied Infection Control Business is a provider of commercial skin care, surface cleaning products and surgical prep brands, including Alcare Plus®, Alcare®, Kindest Kare®, Cal Stat®, Soft ‘N Sure®, CV®, BactoShield® and Lotion Soft®. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-01-12 |
Cantel Medical
Little Falls, New Jersey, United States Cantel Medical Corp. is a provider of medical device reprocessing systems for endoscopy and renal dialysis, advanced water purification equipment, sterilants, disinfectants and cleaners, sterility assurance monitoring products for hospitals and dental clinics, disposable infection control products primarily for dental and GI endoscopy markets, dialysate concentrates, hollow fiber membrane filtration and separation products. Cantel Medical was formed in 1963 and is based in Little Falls, New Jersey. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 2005 |
PE ASSETS | 3.0B USD |
Size | Large |
Type | Sector Focused |
Water Street is a specialist private equity firm that targets investments in healthcare companies. Specific areas of interest within healthcare include diagnostic devices, medical products, pharmaceutical services, specialty distribution, specialty pharmaceuticals, and specialty services. Water Street targets non-core units of larger corporations and private middle-market companies. Transactions are typically valued between $50 and $500 million. Water Street does not invest in biotechnology, traditional healthcare facilities (hospitals, nursing homes) or early-stage companies without positive cash flow. Water Street was formed in 2005 and is based in Chicago, Illinois.
DEAL STATS | # |
---|---|
Overall | 29 of 31 |
Sector (Medical Products) | 10 of 10 |
Type (Add-on Acquisition) | 17 of 19 |
State (Minnesota) | 1 of 1 |
Country (United States) | 29 of 30 |
Year (2020) | 1 of 1 |
Size (of disclosed) | 3 of 11 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-06-11 |
Solvias
Kaiseraugst, Switzerland Solvias is contract research, development, and manufacturing. The industries the company serves include pharmaceuticals, biotech, medical device, and cosmetics. Solvias is based in Kaiseraugst, Switzerland. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2021-01-11 |
Medical Guardian
Philadelphia, Pennsylvania, United States Medical Guardian is a provider of senior health solutions. The company offers a full suite of connected care medical alert systems that empower older adults to live a life without limits. Medical Guardian is headquartered in Philadelphia and provides nationwide support to more than 160,000 aging Americans who are ready to take on the next chapter of life while remaining safe in their own home. Whether it’s an in-home system, mobile device with GPS/Wi-Fi capabilities, or an all-in-one wearable medical alert smartwatch, Medical Guardian has the personal medical alert device to meet an array of needs and lifestyles. |
Buy | - |