STERIS to Acquire Xodus Medical

October 12, 2026

STERIS signed a definitive agreement to acquire all outstanding equity of Xodus Medical and certain related affiliates for $2.1 billion at closing, with potential earnout consideration of up to $150 million. The acquisition is expected to expand STERIS’s healthcare consumables portfolio, especially products used in the operating room; closing is anticipated by December 31, 2026, subject to customary conditions and regulatory approvals.

Buyers
STERIS
Targets
Xodus Medical
Industry
Medical Devices
Location
Pennsylvania, United States
Transaction Type
Buyout

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