Steris to acquire surgical safety device maker Xodus Medical

STERIS, a global provider of infection prevention solutions, has agreed to acquire Xodus Medical, a manufacturer of surgical safety devices, according to a press release. Xodus Medical, established in 1993 and based near Pittsburgh, Pennsylvania, creates medical equipment, including their Pink Pad patient positioning systems. The company caters to hospitals internationally with surgical safety innovations.

Dan Carestio, STERIS' President and CEO, stated that Xodus Medical's product line enhances STERIS's existing offerings, particularly through the inclusion of consumables used in operating rooms. Craig Kaforey, Xodus Medical's CEO, noted the acquisition offers a chance to integrate Xodus's products with STERIS's resources and market dominance, following more than three decades of operation.

STERIS reported annual revenue of around $6 billion and employs 18,000 people globally. The company highlighted Xodus Medical's double-digit growth rate. Financial details of the deal were not disclosed, with Goldman Sachs & Co. LLC acting as STERIS's financial advisor and Jones Day providing legal counsel. J.P. Morgan served as Xodus Medical's financial advisor, with Morgan, Lewis & Bockius LLP handling its legal affairs.