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New Deal


Announced

Completed

STERIS completed the acqusition of Cantel Medical for $3.6bn.

Financials

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Transaction Value£2,647m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales4x
EV/EBITDA40x
Share Price Premium-
One Off Charge-

Tags

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Majority

Electromedical equipment

medical adhesives

Acquisition

Friendly

Single Bidder

Public

Medical Equipment

United States

medical

Cross Border

Completed

Synopsis

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STERIS, a medical equipment maker, completed the acquisition of Cantel Medical, a global company dedicated to delivering infection prevention products and services, for $3.6bn. “We have long appreciated Cantel, which is a natural complement and extension to STERIS’s product and service offerings, global reach and Customers. Our companies share a similar focus on infection prevention across a range of healthcare Customers. Combined, we will offer a broader set of Customers a more diversified selection of infection prevention and procedural products and services. We welcome the people of Cantel to the STERIS team and firmly believe we will create greater value for our Customers and shareholders together,” Walt Rosebrough, STERIS President and Chief Executive Officer.

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