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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