Medical-supply companies Steris and Cantel in talks to join forces: sources

0
37
What could rattle markets in 2021, even as vaccines are rolling out


Steris PLC is in talks to combine with Cantel Medical Corp. , according to people familiar with the matter, in a deal that would bring together two big providers of sterilization products.

The companies are discussing a mostly stock deal that could be completed as soon as Tuesday, assuming talks don’t fall apart, the people said.

Cantel
CMD,
+2.64%

has a market value of around $3.5 billion, while Steris’s
STE,
-1.16%

is around $17.3 billion.

Dublin-based Steris, which has a U.S. presence in Mentor, Ohio, sells sterilization equipment, surgical tables, and other products and services used in hospitals and laboratories.

Little Falls, N.J.–based Cantel is similarly focused on sterilization, making items including disposable products used in endoscopy procedures, towels and bibs used in dental offices, and surgical masks.

An expanded version of this report appears at WSJ.com.

Trending at WSJ.com:

How TikTok and Discord became the new Wall Street trading desks

Companies are re-examining political contributions in wake of Capitol riot



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here