About This Deal

STERIS plc acquired Life Systems, Inc. (LSI) for approximately $24.5 million (including $1.5 million of restricted stock to a seller), subject to a working-capital adjustment, a transaction completed in February 2014, structured as combination (cash plus restricted stock).

Life Systems, Inc. (LSI) operates in Healthcare, is based in St. Louis, Missouri, USA. Life Systems, based in St. Louis, Missouri, provided sales and service in the endoscope-repair and certified pre-owned equipment markets. STERIS purchased its assets and integrated the business into the Healthcare segment.

Healthcare

Deal Terms

Acquirer
STERIS plc
Target
Life Systems, Inc. (LSI)
Value
Approximately $24.5 million (including $1.5 million of restricted stock to a seller), subject to a working-capital adjustment
Date
February 2014
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
St. Louis, Missouri, USA
Segment
Healthcare
Structure
Combination (cash plus restricted stock)
Closed
February 4, 2014

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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