{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-420487","form_type":"8-K","ticker":"STE","cik":"0001757898","company_name":"STERIS plc","filed_at":"2026-10-13T20:29:56+00:00","discovered_at":"2026-10-13T20:31:00.283875+00:00","generated_at":"2026-10-13T20:31:13.943502+00:00","sec_items":["1.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.82,"calibrated_materiality_score":0.82,"confidence":"high","headline":"STERIS to acquire Xodus Medical for $2.1B cash, plus up to $150M earnout; $2.0B bridge committed","bullets":["STERIS Corporation, a wholly owned subsidiary of STERIS plc, signed a Purchase and Sale Agreement on October 11, 2026 to buy all equity of Xodus Medical, Inc.","Purchase price is $2.1B in cash at closing, subject to customary adjustments, plus up to $150M earnout tied to calendar 2028 performance targets.","Sellers are Craig E. Kaforey and Mark A. Kaforey, individually and as trustees of their respective Legacy Trusts; Xodus is a Pennsylvania specialty surgical products business.","Deal expected to close by December 31, 2026, subject to regulatory approvals; either party may terminate if not closed by July 12, 2027, extendable to January 11, 2028.","Financing: up to $2.0B senior unsecured bridge facility committed by JPMorgan Chase Bank and Goldman Sachs Bank USA, reducible dollar-for-dollar by permanent financing or asset sale proceeds."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-420487","json":"https://secwatch.observer/filing/0001193125-26-420487.json","markdown":"https://secwatch.observer/filing/0001193125-26-420487.md","text":"https://secwatch.observer/filing/0001193125-26-420487.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1757898/000119312526420487/0001193125-26-420487-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1757898/000119312526420487/d165776d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-13T20:31:13.943502+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}