Steris - M&A Summary and Business Overview

Medical ProductsCompany

Steris M&A Summary

Steris has acquired 10 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 4 assets.

Steris’ largest acquisition to date was in 2014, when it acquired Synergy Health for $1.9B. It’s largest disclosed sale occurred in 2021, when it sold Mar Cor Purification to Evoqua Water Technologies for $196M. Steris has acquired in 6 different US states, and 2 countries. The Company’s most targeted sectors include medical products (60%) and healthcare services (30%).

Steris Business Overview

Where is Steris headquartered?

Steris is headquartered in Dublin 2, Ireland.

What is Steris’ revenue?

Steris disclosed revenue of 4,585M USD for 2022 and 3,108M USD for 2021.

How many employees does Steris have?

Steris has 13,000 employees.

What sector is Steris in?

Steris is a medical products company.

When was Steris founded?

Steris was founded in 1985.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity10
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 8

Steris

Steris Plc

70 Sir John Rogerson's Quay,
Dublin 2, D02 R296
Ireland,
+353 1 232 2000
www.steris.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 7 1 1 - 1 - 10
vol $2.3B $850M $540M $3.7B
Sell (0.4/yr) # 2 - 1 - - 1 4
vol $77M $196M $273M
  14

Most Recent M&A

Company Date Value Type
Hu-Friedy Mfg. Co. LLC 2024-04-11 - Divestiture
Chicago, Illinois · www.hufriedygroup.com
Becton, Dickinson, and Co. - Surgical Instrumentation Assets 2023-06-20 540M USD Divestiture
Franklin Lake, New Jersey
Mar Cor Purification, Inc. 2021-12-20 196M USD Divestiture
Plymouth, Minnesota · www.mcpur.com
Cantel Medical Corp. 2021-01-12 - Add-on Acquisition
Little Falls, New Jersey · www.cantelmedical.com
Key Surgical LLC 2020-10-06 850M USD Add-on Acquisition
Minneapolis, Minnesota · www.keysurgical.com
Steris Plc - Applied Infection Control Business 2016-09-01 - Divestiture
Leicester, United Kingdom
Synergy Health Managed Services Ltd. 2016-07-01 77M GBP Divestiture
Derby, United Kingdom · www.synergylms.co.uk
Black Diamond Video, Inc. 2015-06-12 - Add-on Acquisition
Richmond, California · www.blackdiamondvideo.com
Synergy Health plc 2014-10-13 1.9B USD Add-on Acquisition
Swindon, United Kingdom · www.synergyhealthplc.com
Integrated Medical Systems International, Inc. 2014-04-01 175M USD Add-on Acquisition
Birmingham, Alabama · www.imsready.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
US Endoscopy, Inc. 2012-07-17 Bracco Diagnostics, Inc. - Gastroenterology Business Unit (GBU) 2015-12-17 2
Mentor,, Ohio · www.usendoscopy.com Princeton, New Jersey
STERIS Isomedix Services, Inc.    - Cosmed Facilities 2004-01-07 1
Mentor, Ohio · www.isomedix.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 6 (60%) 1.7B (44%) 1 (25%) -
Healthcare Services 3 (30%) 2.1B (56%) - -
Business Services - - 2 (50%) 77M (28%)
Technology Hardware 1 (10%) - - -
Environmental - - 1 (25%) 196M (72%)
Total 10 $3.7B 4 $273M

By Geo

State/Country Buy Value Sell Value
United States 9 1.8B 2 196M
  New Jersey 3 540M - -
  Ohio 2 270M - -
  Minnesota 1 850M 1 196M
  Massachusetts 1 - - -
  California 1 - - -
  Alabama 1 175M - -
  Illinois - - 1 -
United Kingdom 1 1.9B 2 77M
Domestic - - - -
Cross-border 10 (100%) 3.7B (100%) 4 (100%) 273M (100%)
Total 10 $3.7B 4 $273M

Top M&A Advisors

Financial Deals
Lazard Ltd.
3
Goldman Sachs
1
Guggenheim Securities
1
Legal Deals
Jones Day
3
Thompson Hine
2
Wachtell, Lipton, Rosen & Katz
2

Deal Values

buy # Total
> $1B 1 $1.9B
$100M to $1B 4 $1.8B
TOTAL $3.7B
Largest Synergy Health plc
$1.9B (2014-10-13)
sell # Total
$100M to $1B 1 $196M
< $100M 1 $77M
TOTAL $273M
Largest Mar Cor Purification, Inc.
$196M (2021-12-20)

M&A Connections

Deals
Acquired from
Investor(s)
10%
1 (10%)
Strategic(s)
10%
1 (10%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

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