STERIS plc acquired VTS Medical Systems, LLC for approximately $19 million for the remaining interests (cash at closing plus deferred payments); prior equity interest fair-valued at about $22 million, a transaction completed in December 2012, structured as combination (cash plus deferred payments); step-acquisition of a joint venture.
VTS Medical Systems, LLC operates in Healthcare, is based in United States. VTS Medical Systems was an operating-room integration joint venture STERIS had participated in since fiscal 2009 (raising its stake to just under 50% by fiscal 2011). In December 2012 STERIS purchased the remaining interests, making VTS a wholly-owned subsidiary integrated into the Healthcare segment. Date shown as month-only (December 2012) in the filing.
Healthcare
Advisory firms were not disclosed for this transaction.