Healthcare M&A » By The Online Investor Staff, updated Wed., Apr. 17, 8:10 PM
Recent mergers and acquisitions in the Healthcare M&A category.
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Slide #54. STERIS Corporation — Integrated Medical Systems International, Inc.
Acquirer:
STERIS Corporation (NYSE:STE)
Acquiree:
Integrated Medical Systems International, Inc.
Details:
STERIS Corporation (NYSE:STE) today announced a definitive agreement to acquire Integrated Medical Systems International, Inc. (IMS) for a purchase price of approximately $165 million, plus approximately $10 million for the purchase of real estate. IMS, a privately held business, is an endoscope repair, surgical instrument management and sterile processing consulting company. IMS revenue for the current calendar year is anticipated to be approximately $150 million.
STERIS is a provider of products and services which focused on infection prevention. Co.'s business segments are: Healthcare, which provides infection prevention and procedural products and services, including consumable products and equipment maintenance and installation services; Applied Sterilization Technologies, which provides contract sterilization and testing services for medical device and pharmaceutical manufacturers; Life Sciences, which provides consumable products, equipment maintenance, other services and capital equipment; and Dental, which provides instruments, infection prevention consumables and instrument management systems dental practitioners and dental schools.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: STE Stock Forecast Based on Zacks ABR data; powered by Xignite |
