Divestiture • Medical Products

Steris Acquires Becton Dickinson and Co. s Surgical Instrumentation Assets

On June 20, 2023, Steris acquired medical products company Becton Dickinson and Co. s Surgical Instrumentation Assets from Becton Dickinson for 540M USD

Acquisition Context
  • This is Steris’ 6th transaction in the Medical Products sector.
  • This is Steris’ 3rd largest (disclosed) transaction.
  • This is Steris’ 9th transaction in the United States.
  • This is Steris’ 3rd transaction in New Jersey.

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M&A Deal Summary

Date June 20, 2023
Target Becton Dickinson and Co. s Surgical Instrumentation Assets
Sector Medical Products
Buyer(s) Steris
Sellers(s) Becton Dickinson
Deal Type Divestiture
Deal Value 540M USD

Target Company

Becton Dickinson and Co. s Surgical Instrumentation Assets

Franklin Lake, New Jersey, United States
Becton, Dickinson, and Co.'s Surgical Instrumentation Assets comprise surgical instrumentation, laparoscopic instrumentation, and sterilization container assets that include V. Mueller, Snowden-Pencer, and Genesis branded products, which are well-known providers of surgical instruments and sterilization containers to Healthcare Customers.
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Buyer Overview 1

Buyer

Steris

Dublin 2, Ireland

Category Company
Founded 1985
Sector Medical Products
Employees17,787
Revenue 5.5B USD (2025)
DESCRIPTION

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 Context for Buyer #
Overall 10 of 10
Sector: Medical Products 6 of 6
Type: Divestiture 1 of 1
State: New Jersey 3 of 3
Country: United States 9 of 9
Year: 2023 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Mar Cor

Plymouth, Minnesota, United States

Mar Cor offers significant technical expertise in designing, building, and servicing high-purity water treatment systems to an installed base of approximately 5,500 sites. Mar Cor was founded in 1969 and is headquartered in Plymouth, Minnesota.

Sell $196M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 HuFriedyGroup

Chicago, Illinois, United States

HuFriedyGroup is a global manufacturer of high-quality instruments, infection prevention products, instrument management systems, and conscious sedation products for the dental industry. HuFriedyGroup was founded in 1908 and is based in Chicago, Illinois.

Sell $788M

Seller Profile 1

SELLER

Becton Dickinson

Franklin Lake, New Jersey, United States

Category Company
Founded 1897
Sector Medical Products
Employees70,000
Revenue 20.2B USD (2024)
DESCRIPTION

Becton Dickinson is a global medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents. The Company is dedicated to improving people's health throughout the world. Becton Dickinson was incorporated in 1897 and is headquartered in Franklin Lake, New Jersey.


Deal Context for Seller #
Overall 7 of 8
Sector: Medical Products 6 of 7
Type: Divestiture 7 of 8
State: New Jersey 3 of 3
Country: United States 7 of 8
Year: 2023 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 MedKeeper

Lakewood, Colorado, United States

MedKeeper is a provider of modern, cloud-based pharmacy management applications. MedKeeper was founded in 2001 and is based in Lakewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-03 Critical Care

Irvine, California, United States

Critical Care is a provider of advanced patient monitoring with advanced AI algorithms serving millions of patients globally. Critical Care is based in Irvine, California.

Buy $4.2B