STERIS Announces Acquisition of Xodus Medical for $2.1 Billion
STERIS (STE) has announced that its wholly owned subsidiary will acquire Pennsylvania-based surgical products company Xodus Medical in a deal valued at $2.1 billion. The acquisition is expected to be financed primarily through debt and is subject to customary conditions, with an anticipated closing date of December 31, 2026. The transaction aims to expand STERIS's presence in the surgical products market by integrating Xodus Medical’s offerings into its portfolio. This strategic move reflects a broader trend among medical device companies seeking growth through acquisitions as demand for advanced surgical solutions continues to rise globally.
Tickers: $STE
Topics: acquisition healthcare surgical products