M&A
confidence high
sentiment neutral
materiality 0.60
STERIS closes sale of Dental business to HuFriedy Group for $787.5M
STERIS plc
- Transaction closed on May 31, 2024; base purchase price $787.5M plus up to $12.5M contingent payment.
- Proceeds primarily to be used to repay debt.
- Contingent payment payable if Dental business achieves certain revenue targets in fiscal year 2025.