Steris Plc

NYSE:STE   3:59:57 PM EDT
186.45
-1.09 (-0.58%)
Other Pre-Announcement, Mergers / Acquisitions

Steris PLC Says Signed Definitive Agreement To Purchase Key Surgical Of Water Street Healthcare Partners Through U.S. Subsidiary For $850 Million

Published: 10/06/2020 11:28 GMT
(STE) - Steris Plc - Signed Definitive Agreement to Purchase Key Surgical of Water Street Healthcare Partners Through U.S. Subsidiary for $850 Million.
Steris Plc - Transaction Will Be Financed Through Combination of Debt and Cash on Hand.
Steris Plc - Transaction is Expected to Be Immediately Accretive to Co's Adjusted Earnings After Close.
Steris Plc - Transaction is Expected to Add About $40 Million to Revenue and About $0.10 to Adjusted EPS in Steris's Fiscal 2021 Q4.
Steris Plc - Annual Revenue for Key Surgical in Calendar 2020 is Anticipated to Be About $170 Million.
Steris Plc - Expects to Realize Annualized Pre-tax Earnings Synergies of $10-$15 Million by Year Three Following Close.