Add-on Acquisition • Medical Products

Steris Acquires Cantel Medical

On January 12, 2021, Steris acquired medical products company Cantel Medical

Acquisition Context
  • This is Steris’ 5th transaction in the Medical Products sector.
  • This is Steris’ 8th transaction in the United States.
  • This is Steris’ 2nd transaction in New Jersey.

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M&A Deal Summary

Date January 12, 2021
Target Cantel Medical
Sector Medical Products
Buyer(s) Steris
Deal Type Add-on Acquisition
Advisor(s) Centerview Partners (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target Company

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.
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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 9 of 10
Sector: Medical Products 5 of 6
Type: Add-on Acquisition 9 of 9
State: New Jersey 2 of 3
Country: United States 8 of 9
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 Key Surgical

Minneapolis, Minnesota, United States

Key Surgical LLC is a provider of sterile processing and operating room supplies. Key Surgical LLC offers a broad suite of thousands of products and supplies focused on instrument reprocessing, operating room, and patient procedures to over 10,000 facilities in 70 countries.

Buy $850M
FOLLOWING 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