STERIS plc acquired Medisafe Holdings, Ltd. for approximately $34.5 million, net of cash acquired, a transaction completed in July 2016, structured as all cash.
Medisafe Holdings, Ltd. operates in Healthcare (Products), is based in United Kingdom. Medisafe, a UK manufacturer of washer/disinfector equipment and related consumables and services, generated about $18 million of annual revenue. The acquisition added washer manufacturing and R&D capability in the UK; its products were integrated into the Healthcare Products segment.
Healthcare (Products)
Advisory firms were not disclosed for this transaction.