As expected, Steris (NYSE:STE) said today that it closed a $2 billion merger with the U.K.’s Synergy Health, after the U.S. Federal Trade Commission last week abandoned its bid to block the union. Last month a federal judge today shot down the U.S. Federal Trade Commission’s bid to block the pending, $1.9 billion merger. Today the Mentor, Ohio-based company said […]
Sterilization / Calibration
Steris to close $2B Synergy Health buyout next week
Steris (NYSE:STE) said today that it expects to close the $2 billion merger with the U.K.’s Synergy Health next week, reporting fiscal 2nd-quarter numbers that beat expectations on Wall Street despite a -72% bottom-line plunge. Last month a federal judge today shot down the U.S. Federal Trade Commission’s bid to block the pending, $1.9 billion merger. Today Steris said it […]
ICU Medical, Medline split $59.5 Excelsior Medical buy
ICU Medical said it acquired Excelsior Medical for $59.5 million, with Excelsior’s SwabFlush and pre-filled saline and heparin flush syringes going to Medline Industries for $27 million upon closing. Excelsior developed, manufactured and commercialized the SwabCap and SwabFlush devices for disinfecting and protecting needleless IV connectors, San Clemente, Calif.-based ICU Medical said. The split will […]
FTC loses bid to block $2B Steris-Synergy merger
A federal judge today shot down the U.S. Federal Trade Commission’s bid to block the pending, $1.9 billion merger between Steris (NYSE:STE) and Synergy Health. The FTC claimed that Synergy was ready to bring new X-ray sterilization technology to the U.S., but pulled the plug after Steris put up its $1.9 billion offer and the FTC opened its investigation. Judge […]
Steris, Synergy delay shareholder votes ahead of anti-trust ruling on $2B merger
Steris (NYSE:STE) and Synergy Health postponed their shareholders meetings to give a U.S. court time to rule on the Federal Trade Commission’s bid to halt their $1.9 billion merger. Mentor, Ohio-based Steris said it moved its meeting from Sept. 24 to Oct. 2; Synergy plans to hold its vote the same day, according to a regulatory filing. Earlier […]
FDA updates bronchoscope cleaning guidelines
The FDA released new guidelines today for cleaning and reprocessing flexible bronchoscopes to prevent infections associated with improperly cleaned units, besides of having only professionals like the maids service nyc cleaning up the facilities. A carpet cleaning service must undergo reprocessing between uses, with broncoschopes specifically positioned to “pose a greater likelihood of microbial transmission […]
Cantel Medical pays $80m for UK ‘scope storage maker Medical Innovations
Cantel Medical said today it acquired U.K.-based endoscope storage and transport manufacturer Medical Innovations Group Holdings Limited for $79.5 million. Medical Innovations manufactures the CleanaScope short-term scope transport system and SureStore long-term endoscope storage system, Cantel Medical said. “Ensuring the safe transport, storage and separation of reprocessed and contaminated endoscopes throughout the healthcare setting is […]
FTC says evidence exists to block $2B Steris-Synergy buy
The Federal Trade Commission said it has evidence showing Synergy Health was ready to bring new technology to the U.S. sterilization market before Steris (NYSE:STE) offered $1.9 billion to purchase the company, and is seeking seeking an injunction to block the deal. The FTC claims Synergy was fully vested in a plan to expand into x-ray sterilization […]
Sterigenics buys Brazilian sterilization firm
Sterigenics said yesterday it purchased Brazilian sterilization firm Companhia Brasileira de Esterilização. The Latin American company is the largest sterilization and microbial load reduction firm in the region and the first to use gamma sterilization in Brazil, according to Sterigenics. “This strategic geographic acquisition demonstrates our commitment to expanding our global footprint in order to […]
Judge lifts System 1 consent decree against Steris
Steris (NYSE:STE) said today that a federal judge lifted a 5-year-old consent decree covering its now-discontinued System 1 endoscope sterilization device. Mentor, Ohio-based Steris’s System 1 landed in “violating device” status in December 2009, after 18 months of legal wrangling with the FDA that ended in the de facto recall of a product that hadn’t been linked to any […]
TSO3 launches US subsidiary
Canadian medical sterilization device company TSO3 said yesterday it is opening shop in the U.S. with a wholly owned subsidiary based in Myrtle Beach, S.C. The American subsidiary, named the TSO3 Corporation, is slated to open its doors in August, the Québec City-based company said. “Alone and together with our sales and service partner Getinge Infection […]