From Dealroom · · 40s
Steris Acquires Xodus Medical for $2.1B
Steris buys surgical safety firm Xodus Medical for $2.1 billion to expand healthcare portfolio.
In brief
Steris buys surgical safety firm Xodus Medical for $2.1 billion to expand healthcare portfolio. Steris acquires Xodus Medical for $2.1 billion to add surgical safety products to its healthcare business. Originally reported by Dealroom.
Steris Acquires Xodus Medical
Steris has signed a definitive agreement to acquire Xodus Medical, a Pennsylvania-based surgical products company, for $2.1 billion.
Deal Terms and Timeline
The all-equity deal is expected to close by December 31, 2026, subject to regulatory approvals and potential earnout of up to $150 million.
Strategic Rationale
Steris aims to add operating room consumables to its healthcare portfolio, with Xodus Medical's products growing at double-digit rates.
Here's the gist
Steris acquires Xodus Medical for $2.1 billion to add surgical safety products to its healthcare business.
