DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Current Location:
>
> This Story

starstarstarstarstar (1)
Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

 

Endoscopy Homepage

Penn Medicine neurosurgeon performs first endoscopic spinal surgery in the state May treat spinal column and cord tumors in the future

New PENTAX Medical ultrasound endoscope available in U.S. Can be used to assess and treat conditions of the pancreaticobiliary system

Intuitive Surgical enters licensing agreement with JustRight Surgical Merging laparoscopic tools with robotic surgery

Harvard team develops small, soft robotic arm for endoscopic surgery Potential disposable device for OR

Olympus hit with $6.6 million in scope superbug damages Linked to duodenoscopes in Seattle hospital from time of outbreak

Minimizing infections when reprocessing endoscopy equipment Health care facilities must maintain patient safety

Endoscopy Product Showcase This month's best products in endoscopy

AORN Expo tackles safety, equipment and technology Scope disinfection was among the central topics at the event

Endoscopy may benefit from optical, precision X-ray Reducing X-ray to nanoscale proportions

Laser-based medical camera spots those at risk of stroke and heart attack Conventional radiological techniques weren't cutting it

Steris to buy US Endoscopy for $270 million

by Brendon Nafziger , DOTmed News Associate Editor
Steris Corp. said this week it would buy privately held US Endoscopy for $270 million in an attempt to enter the gastrointestinal devices market.

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.

Story Continues Below Advertisement

CT, MRI, NM, SPECT/CT, PET & PET/CT service, refurbished systems and parts

Accelerate your ROI with our Black Diamond Certified refurbished systems. One year warranty - ISO 13485 Certified - FDA registered - Over 65k parts in inventory DOTmed Certified



"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.

Endoscopy Homepage


You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2017 DOTmed.com, Inc.
ALL RIGHTS RESERVED