STERIS to Sell Dental Segment to an affiliate of Peak Rock Capital
STERIS plc (Ireland) Ordinary Shares (STE)
Last steris plc (ireland) ordinary shares earnings: 2/10 04:30 pm
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Source: GlobeNewswire
Transaction expected to close in STERIS’s first quarter of fiscal 2025Divestiture allows STERIS to focus on Customers within core marketsProceeds primarily to be used to repay debt DUBLIN, IRELAND, April 11, 2024 (GLOBE NEWSWIRE) -- ) - STERIS plc (NYSE: STE) (“STERIS” or the “Company”) today announced that the Company has entered into a definitive agreement to divest its Dental segment to Peak Rock Capital, a leading middle-market private investment firm, for $787.5 million (the “Transaction”). The Transaction is structured as an equity sale. The Transaction terms also include the opportunity for STERIS to receive an additional earnout of up to $12.5 million, subject to the achievement of certain revenue targets of the Dental segment in fiscal 2025. The Dental segment reported revenue of $407 million and contributed segment operating income of $86 million in the trailing twelve-month period ended December 31, 2023. “Since acquiring our Dental segment through the Cantel acquisitio
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News
- Steris (STE) Up 3% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- STERIS plc (NYSE: STE) had its price target raised by analysts at KeyCorp from $255.00 to $265.00. They now have an "overweight" rating on the stock.MarketBeat
- STERIS to Present at the Morgan Stanley Healthcare ConferenceGlobeNewswire
- STERIS plc (NYSE: STE) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Don't Overlook Steris (STE) International Revenue Trends While Assessing the Stock [Yahoo! Finance]Yahoo! Finance
STE
Earnings
- 8/6/24 - Beat
STE
Sec Filings
- 9/17/24 - Form 4
- 9/12/24 - Form 4
- 9/10/24 - Form 144
- STE's page on the SEC website