STERIS plc acquires Integrated Medical Systems International, Inc. (IMS)

STERIS plc acquired Integrated Medical Systems International, Inc. (IMS) for approximately $165 million for the shares (plus about $10 million for related real estate), subject to a working-capital adjustment, a transaction completed in May 2014, structured as cash (Stock Purchase Agreement dated March 31, 2014).

Integrated Medical Systems International, Inc. (IMS) operates in Healthcare (Specialty Services), is based in Alabama, Florida and Maryland, USA. IMS, with facilities in Alabama, Florida and Maryland, provided endoscope repair, surgical-instrument management and sterile-processing consulting services. STERIS acquired all of its capital stock for about $165 million plus roughly $10 million of related real estate, integrating it into the Healthcare segment's Specialty Services reporting unit.

Extended STERIS's fast-growing Specialty Services franchise in hospital sterile processing and surgical-instrument care.

Recurring endoscope-repair and sterile-processing service revenue that scaled STERIS's Specialty Services business. anticipated Section 338(h)(10) tax benefit making goodwill and intangibles deductible Integrated into the Healthcare segment as part of the Specialty Services reporting unit

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.