---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-169645"
form_type: "8-K"
ticker: "STE"
cik: "0001757898"
company_name: "STERIS plc"
filed_at: "2023-06-20T23:59:59+00:00"
generated_at: "2026-06-13T21:32:07.589952+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# STERIS acquires surgical instrumentation assets from BD for $540M; expects close by Sept 30, 2023

## Summary
- Purchase price $540M in cash; assets include V. Mueller, Snowden-Pencer, Genesis brands.
- Annual revenue for acquired businesses ~$170M; adjusted EBIT ~$45M (fiscal 2023 projected).
- Expected to close by Sept 30, 2023, subject to HSR and customary conditions.
- Deal financed via debt and cash on hand; expected accretive to adjusted EPS in FY2024.
- STERIS anticipates ~$60M present value tax benefit from goodwill.

## SEC filing metadata
- accession: 0001193125-23-169645
- form_type: 8-K
- ticker: STE
- cik: 0001757898
- company_name: STERIS plc
- filed_at: 2023-06-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1757898/000119312523169645/0001193125-23-169645-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1757898/000119312523169645/d511925d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-169645
- JSON: https://secwatch.observer/filing/0001193125-23-169645.json
- Plain text: https://secwatch.observer/filing/0001193125-23-169645.txt

## Key facts
- Material Agreements
  STERIS plc entered into Asset Purchase Agreement with Becton, Dickinson and Company valued at $540 million (effective 2023-06-15).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Becton, Dickinson and Company
  - Value: $540 million
  - Effective: 2023-06-15
  source text: On June 15, 2023, STERIS plc (“STERIS”) and STERIS Corporation (“Purchaser”), a wholly owned subsidiary of STERIS, entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Becton, Dickinson and Company (the “Seller”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757898/000119312523169645/0001193125-23-169645-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.