{"id":500069,"date":"2021-06-02T09:04:12","date_gmt":"2021-06-02T13:04:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/steris-completes-the-acquisition-of-cantel-medical\/"},"modified":"2021-06-02T09:04:12","modified_gmt":"2021-06-02T13:04:12","slug":"steris-completes-the-acquisition-of-cantel-medical","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/steris-completes-the-acquisition-of-cantel-medical\/","title":{"rendered":"STERIS Completes the Acquisition of Cantel Medical"},"content":{"rendered":"
\n

DUBLIN, IRELAND, June 02, 2021 (GLOBE NEWSWIRE) — \u00a0STERIS plc (NYSE: STE) (\u201cSTERIS\u201d or the \u201cCompany\u201d) today announced that it has completed the previously announced acquisition of Cantel Medical, a global provider of infection prevention products and services to endoscopy, dental, dialysis and life sciences Customers.<\/p>\n

\u201cWe are pleased to announce the closing of the Cantel Medical acquisition, which will complement and extend STERIS\u2019s product and service offerings, global reach and Customers,\u201d said Walt Rosebrough, President and Chief Executive Officer of STERIS. \u201cWe welcome Cantel people to the STERIS team, and look forward to working together to create more value for our Customers, our people, and our shareholders.\u201d<\/p>\n

Guggenheim Securities served as financial advisor to STERIS and Jones Day as legal counsel. JPMorgan Chase Bank, N.A., served as sole lead arranger and bookrunner in respect of certain financing. Centerview Partners LLC served as exclusive financial advisor to Cantel and Wachtell, Lipton, Rosen & Katz as legal counsel.<\/p>\n

\n About STERIS <\/strong>
\n
STERIS\u2019s MISSION IS TO HELP OUR CUSTOMERS CREATE A HEALTHIER AND SAFER WORLD by providing innovative healthcare and life science products and services around the globe. For more information, visit www.steris.com.<\/p>\n

Investor Contact:
Julie Winter, Vice President, Investor Relations and Corporate Communications
Julie_Winter@steris.com
+1 440 392 7245<\/p>\n

Media Contact:
Stephen Norton, Senior Director, Corporate Communications
Stephen_Norton@steris.com
+1 440 392 7482<\/p>\n

\n CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION<\/strong>
\n
This release may contain statements concerning certain trends, expectations, forecasts, estimates, or other forward-looking information affecting or relating to STERIS or its industry, products or activities that are intended to qualify for the protections afforded \u201cforward-looking statements\u201d under the Private Securities Litigation Reform Act of 1995 and other laws and regulations. Forward-looking statements speak only as to the date the statement is made and may be identified by the use of forward-looking terms such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpects,\u201d \u201cbelieves,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201ctargets,\u201d \u201cforecasts,\u201d \u201coutlook,\u201d \u201cimpact,\u201d \u201cpotential,\u201d \u201cconfidence,\u201d \u201cimprove,\u201d \u201coptimistic,\u201d \u201cdeliver,\u201d \u201corders,\u201d \u201cbacklog,\u201d \u201ccomfortable,\u201d \u201ctrend\u201d, and \u201cseeks,\u201d or the negative of such terms or other variations on such terms or comparable terminology. Many important factors could cause actual results to differ materially from those in the forward-looking statements including, without limitation, disruption of production or supplies, changes in market conditions, political events, pending or future claims or litigation, competitive factors, technology advances, actions of regulatory agencies, and changes in laws, government regulations, labeling or product approvals or the application or interpretation thereof. Other risk factors are described in STERIS\u2019s other securities filings, including Item 1A of our Annual Report on Form 10-K for the year ended\u00a0March 31, 2021. Many of these important factors are outside of STERIS\u2019s control. No assurances can be provided as to any result or the timing of any outcome regarding matters described in STERIS\u2019s securities filings or otherwise with respect to any regulatory action, administrative proceedings, government investigations, litigation, warning letters, cost reductions, business strategies, earnings or revenue trends or future financial results. References to products are summaries only and should not be considered the specific terms of the product clearance or literature. Unless legally required, STERIS does not undertake to update or revise any forward-looking statements even if events make clear that any projected results, express or implied, will not be realized. Other potential risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, (a) the impact of the COVID-19 pandemic on STERIS\u2019s operations, performance, results, prospects, or value, (b) STERIS’s ability to achieve the expected benefits regarding the accounting and tax treatments of the redomiciliation to\u00a0Ireland\u00a0(\u201cRedomiciliation\u201d), (c) operating costs, Customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, Customers, clients or suppliers) being greater than expected following the Redomiciliation, (d) STERIS\u2019s ability to meet expectations regarding the accounting and tax treatment of the Tax Cuts and Jobs Act (\u201cTCJA\u201d) or the possibility that anticipated benefits resulting from the TCJA will be less than estimated, (e) changes in tax laws or interpretations that could increase our consolidated tax liabilities, including changes in tax laws that would result in STERIS being treated as a domestic corporation for\u00a0United States\u00a0federal tax purposes, (f) the potential for increased pressure on pricing or costs that leads to erosion of profit margins, (g) the possibility that market demand will not develop for new technologies, products or applications or services, or business initiatives will take longer, cost more or produce lower benefits than anticipated, (h) the possibility that application of or compliance with laws, court rulings, certifications, regulations, regulatory actions, including without limitation any of the same relating to FDA, EPA or other regulatory authorities, government investigations, the outcome of any pending or threatened FDA, EPA or other regulatory warning notices, actions, requests, inspections or submissions, or other requirements or standards may delay, limit or prevent new product or service introductions, affect the production, supply and\/or marketing of existing products or services or otherwise affect STERIS\u2019s performance, results, prospects or value, (i) the potential of international unrest, economic downturn or effects of currencies, tax assessments, tariffs and\/or other trade barriers, adjustments or anticipated rates, raw material costs or availability, benefit or retirement plan costs, or other regulatory compliance costs, (j) the possibility of reduced demand, or reductions in the rate of growth in demand, for STERIS\u2019s products and services, (k) the possibility of delays in receipt of orders, order cancellations, or delays in the manufacture or shipment of ordered products or in the provision of services, (l) the possibility that anticipated growth, cost savings, new product acceptance, performance or approvals, or other results may not be achieved, or that transition, labor, competition, timing, execution, regulatory, governmental, or other issues or risks associated with STERIS\u2019s businesses, industry or initiatives including, without limitation, those matters described in our Annual Report on Form 10-K for the year ended\u00a0March 31, 2021, and other securities filings, may adversely impact STERIS\u2019s performance, results, prospects or value, (m) the impact on STERIS and its operations, or tax liabilities, of Brexit or the exit of other member countries from the EU, and the Company\u2019s ability to respond to such impacts, (n) the impact on STERIS and its operations of any legislation, regulations or orders, including but not limited to any new trade or tax legislation, regulations or orders, that may be implemented by the\u00a0U.S.\u00a0administration or\u00a0Congress, or of any responses thereto, (o) the possibility that anticipated financial results or benefits of recent acquisitions, including the acquisition of Cantel Medical and Key Surgical, or of STERIS\u2019s restructuring efforts, or of recent divestitures, including anticipated revenue, productivity improvement, cost savings, growth synergies and other anticipated benefits, will not be realized or will be other than anticipated, (p) the increased level of STERIS\u2019s indebtedness incurred in connection with the acquisition of Cantel Medical limiting financial flexibility or increasing future borrowing costs, (q) rating agency actions that could affect STERIS\u2019s existing debt or future ability to borrow funds at rates favorable to STERIS or at all, (r) the potential impact of the acquisition of Cantel Medical on relationships, including with suppliers, Customers, employees and regulators, (s) our ability to successfully integrate the businesses of Cantel Medical into our existing businesses, including unknown or inestimable liabilities, or increases in expected integration costs or difficulties in connection with the acquisition of Cantel Medical and (t) the effects of contractions in credit availability, as well as the ability of STERIS\u2019s Customers and suppliers to adequately access the credit markets when needed.<\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

DUBLIN, IRELAND, June 02, 2021 (GLOBE NEWSWIRE) — \u00a0STERIS plc (NYSE: STE) (\u201cSTERIS\u201d or the \u201cCompany\u201d) today announced that it has completed the previously announced acquisition of Cantel Medical, a global provider of infection prevention products and services to endoscopy, dental, dialysis and life sciences Customers. \u201cWe are pleased to announce the closing of the Cantel Medical acquisition, which will complement and extend STERIS\u2019s product and service offerings, global reach and Customers,\u201d said Walt Rosebrough, President and Chief Executive Officer of STERIS. \u201cWe welcome Cantel people to the STERIS team, and look forward to working together to create more value for our Customers, our people, and our shareholders.\u201d Guggenheim Securities served as financial advisor to STERIS and Jones Day as … <\/p>\n

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