The Medical Device Business Journal — Medical Device News & Articles | MassDevice
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.
By Mary Vanac
U.S. Endoscopy’s COO hopes city and state economic development programs will help his company keep innovating.
The Mentor, Ohio-based company makes endoscopic products aimed at unmet needs in the burgeoning market for minimally invasive surgical procedures of the digestive system. It offers about 140 products — many of them accessories that enable diagnosis or therapy — and usually introduces several new products and accessories each year.
