STERIS completed the acquisition of Key Surgical from Water Street Healthcare Partners for $850m.

STERIS, an American Irish-domiciled medical equipment company, completed the acquisition of Key Surgical, a global provider of consumable products serving hospitals and surgical facilities, from private equity firm Water Street Healthcare Partners for $850m. "Key Surgical strengthens, complements and expands STERIS’s product offering and reach around the globe. Their focus on the sterile processing department, operating room and endoscopy fits perfectly with our core Healthcare Customers. The business has demonstrated an ability to grow at rates above industry levels with its product portfolio breadth, a steady stream of new products and a highly effective commercial model. We welcome the Key Surgical people to the STERIS team, and we look forward to working together to enhance our service to our Customers and the value for our shareholders," Walt Rosebrough, STERIS President and CEO.