---
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"
generated_at: "2026-10-13T20:31:13.943502+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# STERIS to acquire Xodus Medical for $2.1B cash, plus up to $150M earnout; $2.0B bridge committed

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 1.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-420487
- JSON: https://secwatch.observer/filing/0001193125-26-420487.json
- Plain text: https://secwatch.observer/filing/0001193125-26-420487.txt

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