About This Deal

STERIS plc acquired Phoenix Surgical Holdings, Ltd. and Endo-Tek LLP for approximately $14.3 million combined, net of cash acquired, a transaction completed in August 2016, structured as all cash.

Phoenix Surgical Holdings, Ltd. and Endo-Tek LLP operates in Healthcare (Specialty Services), is based in United Kingdom. Phoenix Surgical and Endo-Tek specialized in the repair of endoscopes and together generated about $8 million of annual revenue. STERIS bought 100% of Phoenix Surgical's shares and Endo-Tek's assets, integrating them into the Healthcare Specialty Services segment.

Healthcare (Specialty Services)

Deal Terms

Acquirer
STERIS plc
Target
Phoenix Surgical Holdings, Ltd. and Endo-Tek LLP
Value
Approximately $14.3 million combined, net of cash acquired
Date
August 2016
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
United Kingdom
Segment
Healthcare (Specialty Services)
Structure
All cash
Closed
August 31, 2016

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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