Add-on Acquisition • Medical Products

Sotera Health Acquires Nordion

On March 31, 2014, Sotera Health acquired medical products company Nordion for 727M USD

Acquisition Context

This is Sotera Health’s 1st transaction in the Medical Products sector.
This is Sotera Health’s largest (disclosed) transaction.
This is Sotera Health’s 1st transaction in Canada.
This is Sotera Health’s 1st transaction in Ontario.

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M&A Deal Summary
Date	March 31, 2014
Target	Nordion
Sector	Medical Products
Buyer(s)	Sotera Health
Deal Type	Add-on Acquisition
Deal Value	727M USD
Advisor(s)	Jefferies (Financial) Stikeman Elliott Skadden, Arps, Slate, Meagher & Flom (Legal)

Target Company

Nordion

Ottawa, Ontario, Canada

Nordion Inc. (TSX:NDN) (NYSE:NDZ) is a global health science company that provides market-leading products used for the prevention, diagnosis and treatment of disease. We are a leading provider of medical isotopes and sterilization technologies that benefit the lives of millions of people in more than 40 countries around the world. Our products are used daily by pharmaceutical and biotechnology companies, medical-device manufacturers, hospitals, clinics and research laboratories. Nordion has over 400 highly skilled employees in three locations.

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Buyer Overview 1

Buyer

Sotera Health

Broadview Heights, Ohio, United States

Category	Company
Founded	2015
Sector	Healthcare Services
Employees	3,000
Revenue	1.1B USD (2024)

DESCRIPTION

Sotera Health, along with its business entities, provides an integrated protector of global health, providing mission-critical services to the medical device, pharmaceutical, tissue, and food industries. Sotera Health operates 61 facilities in 13 countries. Sotera Health serves more than 5,000 customers worldwide, including 75 of the top 100 medical device manufacturers. Sotera Health was formed in 2015 and is based in Broadview Heights, Ohio.

Deal Context for Buyer	#
Overall	2 of 9
Sector: Medical Products	1 of 1
Type: Add-on Acquisition	2 of 7
State: Ontario	1 of 1
Country: Canada	1 of 2
Year: 2014	2 of 3
Size (of disclosed)	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2014-03-06	Food Technology Service Mulberry, Florida, United States Food Technology Service, Inc. owns and operates an irradiation facility located in Mulberry, Florida that uses gamma radiation to provide contract sterilization services to the medical device, packaging and food industries.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2014-03-06

Food Technology Service

Mulberry, Florida, United States

Food Technology Service, Inc. owns and operates an irradiation facility located in Mulberry, Florida that uses gamma radiation to provide contract sterilization services to the medical device, packaging and food industries.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2014-10-31	Gammarad Italia Bologna, Italy Gammarad provides gamma irradiation sterilization services for the biomedical, pharmaceutical, food packaging, and cosmetics industries.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2014-10-31

Gammarad Italia

Bologna, Italy

Gammarad provides gamma irradiation sterilization services for the biomedical, pharmaceutical, food packaging, and cosmetics industries.

Buy

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