Fierce Biotech April 11, 2024
Steris has signed a pact to sell its dentistry business to the private equity firm Peak Rock Capital, through a $787.5 million transaction aimed at helping to pay down the company’s debts left from its previous multi-billion-dollar M&A outlays.
Collectively known as the HuFriedyGroup, the 1,500-employee international division manufactures dental instruments, infection prevention products and patient sedation systems, including the long-time brands of Hu-Friedy, Crosstex, Omnia and Accutron.
Steris said it expects to close the deal by the end of June. During the 2023 calendar year, the company said the Chicago-based enterprise brought in $407 million in revenues and $86 million in operating income.
“Since acquiring our dental segment through the Cantel acquisition, we have focused on deploying lean manufacturing...
Today's Sponsors
Today's Sponsor