Pre-Bid now on over 2000 items...our LIVE Auction is happening November 2nd

Current Location:
> This Story

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

Never Miss a Story

Sign Up For Weekly Top Stories


More Industry Headlines

More children visiting ED for headaches — but fewer getting CT scans Medication is being prescribed more frequently

One third of breast cancer patients aren't receiving follow-up imaging exams Can more guidelines resolve the problem?

IBA showcases Cyclone KIUBE cyclotron at EANM Can generate up to 300 doses of FDG in 2 hours

WSU researchers develop way to detect cancer with an iPhone Eight-channel spectrometer shown to be 99 percent accurate

The medical chiller owner’s survival guide ...Or, how not to lose your cool

Researchers use MR to guide stem cell therapy for neurological disorders Provides the resolution that's needed

Alternative Mo-99 SPECT isotope in development Production on alternative metals could stabilize supply

Abbott in $1.2 billion deal to sell device businesses to Terumo Transaction depends on the completion of Abbott's St. Jude acquisition

With MR, researchers say they have found the root cause of depression Could lead to more effective treatments

Philips partners with FluoroPharma to enhance CardioPET tracer image quality: EANM Study data presented at EANM annual congress

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

The (#1 Resource) for Medical Imaging and Peripherals. Call 1-949-273-8000

As a Master Distributor for major brands Barco, Philips, and Sony, we offer custom imaging solutions. With our renowned OEM Solutions and Service/Repair Center, Ampronix is a one-stop shop for HD Medical LCD Displays--Printers--Recorders--4K Cameras

"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 Comment

Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Gold Service Dealer Program
Receive RFP/PS
Healthcare Providers
See all
HCP Tools
A Job
Parts Hunter +EasyPay
Get Parts
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
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 ©2001-2016 DOTmed.com, Inc.