Steris (NYSE:STE) announced this week plans to acquire Integrated Medical Systems in a deal worth up to $175 million. Steris will pay $165 million to acquire the instrument services company, plus another $10 million for real estate, according to a press release.
Sandgaard asked for the resignations of board members Mats Wahlstrom, Mary Beth Vitale, Kevin Smith and Taylor Simonton, to add board members who share Sandgaard’s vision for the rehab devices maker.
Steris posts a mixed bag in Q1, strong sales and earnings offset by restructuring costs and per-share earnings that miss expectations by 1 cent.
HOLX shares reached their highest level since May 2011 yesterday, peaking at $23.22 apiece before closing at $22.36, up 7.0% on the day. Shares were trading at $22.39 as of about 12:50 p.m. today.
The acquisitions are part of Steris’s efforts to its healthcare segment and provide niche services to customers, according to a company statement.
Healthcare giant Steris (NYSE:STE) is looking to "significantly expand" its presence in the gastrointestinal devices market with the $270 million acquisition of U.S. Endoscopy Group, the company announced this week.
U.S. Endoscopy, which employs about 400 and generated about $70 million in revenue in 2011, designs, manufactures and sells devices and support accessories used in gastrointestinal and urology procedures.
Join STERIS Isomedix Services for a TechTeam seminar on topics critical to success in medical device sterilization. The event, being held September 11-12 in Mahwah, New Jersey, will provide attendees the opportunity to gain an in-depth understanding of the relationship between sterilization and medical device design, validation, manufacturing and packaging.