English
Chinese (Simplified)
French
Portuguese
Spanish
German
Spread The News
Forward to a Friend
Print This Story
Write a Comment
More Industry Headlines
FDA OKs Varian's digital X-ray imaging system Company stepping outside of radiation therapy product portfolio.
3-D printed medical device saves baby's life Experts create first ever custom-made bioplastic windpipe for baby
FDA approves Hologic's low-dose tomosynthesis software Software may cut digital tomo dose by half.
GE to open helium liquefaction facility New facility will capture waste helium.
Will the EU medical device approval process get tougher? Expert analyst talks about a new potential challenge for the industry.
Prior authorization schemes don't save taxpayers money Congressional Budget Office scores health care programs, including imaging.
Q&A with a U.S. Army biomed To celebrate Healthcare Technology Management Week, here's a story of one biomed's unique journey.
Maryland governor signs breast density law Maryland joins the growing list of states to enact density notification laws.
GE Healthcare unveils technology for imaging metal implants First-time software can create clear images despite metal.
FDA approves radiopharmaceutical to treat advanced prostate cancer Radioactive therapeutic agent can spare healthy tissue.
Steris to buy US Endoscopy for $270 million
The transaction is expected to close at the end of the second quarter of fiscal 2013, the Mentor, Ohio-based maker of sterilizers and other medical equipment said. US Endoscopy is also based in Mentor.
OiService - ISO 9001 & 13485 Certified - Call 888-673-5151
Oxford Instruments Service, is a leading ISO 9001 & 13485-certified organization,that specializes in providing quality after-market GE CT and MRI systems, serviceand parts - at prices you can afford.
"They have generated double-digit organic growth for many years through successful new product development, and the acquisition provides Steris immediate scale with a direct sales force in the U.S. and a strong brand name," Walt Rosebrough, Steris' president and CEO, said in a statement.
US Endoscopy, founded in 1991, earned nearly $14 million in income on about $70 million in revenues last year, Steris said.
Steris said it was financing the deal through a mixture of cash on hand and existing credit facilities, and also expected a tax break of about $50 million.
The company said the deal would likely be dilutive by 5 cents to earnings per share for fiscal 2013, but the outlook of $2 to $2.20 per share for fiscal 2013 remains unchanged. Steris said the deal should be accretive to earnings by fiscal 2014.
Steris said it would also purchase land and buildings used by US Endoscopy for about $7 million.
Interested in Medical Industry News?
Subscribe to DOTmed's weekly news email and always be informed.
Click here, it takes just 30 seconds.
You Must Be Logged In To Post A CommentRegisterRegistration is Free and Easy. Enjoy the benefits of The World's Leading New & Used Medical Equipment Marketplace. Register Now! |
|
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2013 DOTmed.com, Inc.
ALL RIGHTS RESERVED
