other material
confidence high
sentiment neutral
materiality 0.45
STERIS closes sale of Renal Care business to Evoqua Water Technologies for $196M
STERIS plc
- Closed sale of Renal Care business to Evoqua Water Technologies on Jan 3, 2022 for ~$196M cash.
- Proceeds will be used to pay down bank debt.
- Renal Care was acquired as part of the Cantel Medical transaction (June 2021).
- Business was primarily integrated into STERIS's Healthcare segment.