On the Record · Steris
Steris acquisitions, on the record
The businesses Steris bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Synergy Health plcWord for word“The Combination closed on November 2, 2015 and as a result STERIS plc became the ultimate parent company of Old STERIS and STERIS completed the acquisition of Synergy in a cash and stock transaction.” 10-K for 2016 | acquisition | closed on November 2, 2015 | — |
General Econopak, Inc.Word for word“On July 31, 2015 we acquired all of the outstanding shares of General Econopak, Inc. (“Gepco”), a Pennsylvania-based manufacturer of consumable product solutions in the areas of sterility maintenance, barrier protection, and sterile cleanroom products for pharmaceutical, biotechnology and veterinary Customers.” 10-K for 2016 | acquisition | On July 31, 2015 | — |
Black Diamond Video, Inc.Word for word“On June 12, 2015 we acquired the capital stock of Black Diamond Video, Inc. ("Black Diamond"), a California-based developer and provider of operating room integration systems.” 10-K for 2016 | acquisition | On June 12, 2015 | — |
Integrated Medical Systems International, Inc.Word for word“In fiscal 2015 we acquired the shares of Integrated Medical Systems International, Inc., a newly formed subsidiary of ours acquired the assets of and assumed certain liabilities of AGAPE Instruments Service, Inc., and we purchased all the outstanding shares of capital stock of Dana Products, Inc.” 10-K for 2016 | acquisition | fiscal 2015 | — |
Florida Surgical Repair, Inc., Life Systems, Inc., Eschmann Holdings Ltd.Word for word“In fiscal 2014 we acquired the assets of Florida Surgical Repair, Inc., and Life Systems, Inc., and purchased the shares of Eschmann Holdings Ltd.” 10-K for 2016 | acquisition | fiscal 2014 | — |
Linen management operationsWord for word“Linen management operations were divested during fiscal 2017.” 10-K for 2017 | divestiture | during fiscal 2017 | — |
Medisafe Holdings Ltd.Word for word“In fiscal 2017, we purchased 100% of the shares of Medisafe Holdings Ltd., a U.K. manufacturer of washer disinfector equipment and related consumables and services to expand our service offerings in the Healthcare Products segment.” 10-K for 2017 | acquisition | In fiscal 2017 | — |
Synergy Health plc (the Combination with Synergy)Word for word“The acquisition of Old STERIS was accounted for in the consolidated financial statements as a merger between entities under common control; accordingly the historical consolidated financial statements of Old STERIS for periods prior to November 2, 2015, are considered to be the historical financial statements of STERIS plc.” 10-K for 2017 | acquisition | November 2, 2015 | — |
Linen management services in the U.K., U.S. and Netherlands, laboratory services in the U.K. and Applied Infection Control product lineWord for word“We also completed several divestitures of non-strategic businesses or product lines during fiscal 2017 including linen management services in the U.K., U.S. and Netherlands, laboratory services in the U.K. and our Applied Infection Control product line.” 10-K for 2017 | divestiture | during fiscal 2017 | — |
Acquisitions for fiscal 2017 (net of cash acquired)Word for word“During fiscal 2017, 2016 and 2015, we used $65.6 million, $604.0 million and $194.7 million, respectively, for acquisitions.” 10-K for 2017 | acquisition | During fiscal 2017, 2016 and 2015 | $65.6 million, $604.0 million and $194.7 million |
Black DiamondWord for word“The higher backlog level is partially due to our fiscal 2016 acquisition of Black Diamond and an increase in project orders, which tend to have longer lead times than replacement orders.” 10-K for 2017 | acquisition | fiscal 2016 | — |
General Econopak, Inc. (Gepco)Word for word“Consumable revenue grew 33.7% partly due to our fiscal 2016 acquisition of General Econopak, Inc. ("Gepco") and partly due to 9.0% organic revenue growth.” 10-K for 2017 | acquisition | fiscal 2016 | — |
Synergy Health Healthcare Consumable Solutions ("HCS") businessWord for word“During fiscal 2018, we divested our Synergy Health Healthcare Consumable Solutions ("HCS") business with annual revenues of approximately $40 million.” 10-K for 2018 | divestiture | fiscal 2018 | — |
Applied Infection Control ("AIC") product lineWord for word“During fiscal 2017, we divested our Applied Infection Control ("AIC") product line (annual revenues of approximately $50 million) and four businesses acquired in the Combination with Synergy consisting of: the UK Linen Management Services business (annual revenues of approximately $50 million), U.S. Linen Management Services business (annual revenues of approximately $50 million), Synergy Health Netherlands Linen Management Services (annual revenues of approximately $75 million) and Synergy Health Laboratory Services (annual revenues of approximately $15 million).” 10-K for 2018 | divestiture | fiscal 2017 | — |
Linen Management ServicesWord for word“Linen Management Services were divested during fiscal 2017.” 10-K for 2018 | divestiture | fiscal 2017 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses |
|---|---|---|
| 2017-03-31 | $65.6 million | $135.7 million |
| 2018-03-31 | $46.3 million | $8.9 million |
Deal filings since 2016
- 2019-03-28 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-03-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Steris’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2018-05-30. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.