STERIS to Sell Dental Segment to an affiliate of Peak Rock Capital [Yahoo! Finance]
STERIS plc (Ireland) Ordinary Shares (STE)
Last steris plc (ireland) ordinary shares earnings: 2/10 04:30 pm
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phx.corporate-ir.net/phoenix.zhtml?c=68786&p=irol-irhome
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Source: Yahoo! Finance
Proceeds 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 acquisition, we have focused on deploying lean manufacturing methods to drive operating efficiencies. We have been impressed with the strength of
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News
- STERIS to Host a Conference Call for Fiscal 2024 Fourth Quarter and Full Year Financial Results on May 9, 2024GlobeNewswire
- Should You Buy STERIS (STE) Stock Ahead of Q4 Earnings? [Yahoo! Finance]Yahoo! Finance
- STERIS plc (NYSE: STE) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- PEAK ROCK CAPITAL AFFILIATE SIGNS DEFINITIVE AGREEMENT TO ACQUIRE HUFRIEDYGROUP [Yahoo! Finance]Yahoo! Finance
- PEAK ROCK CAPITAL AFFILIATE SIGNS DEFINITIVE AGREEMENT TO ACQUIRE HUFRIEDYGROUPPR Newswire
STE
Earnings
- 2/7/24 - Beat
STE
Sec Filings
- 4/11/24 - Form 8-K
- 2/23/24 - Form 3
- 2/13/24 - Form SC
- STE's page on the SEC website