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)
Advisory firms were not disclosed for this transaction.