STERIS Acquires Cantel Medical Corp.

Evoqua Water Technologies Acquires Renal Business from STERIS (Mar Cor / Cantel Operations)

January 3, 2022

Industrial Services

Evoqua Water Technologies has closed the acquisition of the renal business historically operated by Mar Cor Purification and Cantel Medical, subsidiaries of STERIS Plc. The acquired business, expected to generate approximately $180 million of annualized revenue and $27 million of adjusted EBITDA (pre-synergies), expands Evoqua’s service footprint in North America and furthers its reach into the healthcare vertical.

Solmetex Acquires Crosstex International (Dental Division of Cantel Medical)

August 18, 2020

Medical Devices

Solmetex, a dental waste management and environmental solutions provider, has acquired Crosstex International — the dental division of Cantel Medical Corporation. The deal, announced by Riveria Investment Group, gives Solmetex access to Crosstex's infection prevention and compliance product portfolio and manufacturing footprint in Hauppauge, New York.

Solmetex, LLC Acquires Sterisil, Inc.

April 5, 2022

Medical Devices

Solmetex, LLC, a portfolio company of Avista Capital Partners, has acquired Sterisil, a Palmer Lake, Colorado-based developer of dental unit waterline infection control products. The add-on strengthens Solmetex's position as a category leader in dental water treatment and safety management, expanding product capabilities and support for dental practices and DSOs in the U.S. and internationally.

STERIS Acquires Key Surgical from Water Street Healthcare Partners

November 18, 2020

Medical Devices

STERIS completed the acquisition of Key Surgical, a Minnesota-based provider of consumable surgical and sterile-processing products, from private equity owner Water Street Healthcare Partners. The deal expands STERIS's consumables portfolio and global reach by adding Key Surgical's ~8,000-product offering, ~13,000 healthcare customers and approximately $170M in revenue.

Cirtec Medical Acquires Stellar Technologies, Inc.

August 1, 2016

Medical Devices

Cirtec Medical, a portfolio company of Century Park Capital Partners, has acquired Stellar Technologies, Inc., a Brooklyn Park, Minnesota-based precision machining and medical component manufacturer. The acquisition expands Cirtec's manufacturing capabilities—particularly in neuromodulation lead wire assemblies, electro-mechanical devices and delivery systems—and establishes a presence in Minnesota's "Medical Alley."

Waste Management Acquires Stericycle for Approximately $7.2 Billion

June 3, 2024

Environmental Services

Waste Management, Inc. (WM) agreed to acquire all outstanding shares of Stericycle, Inc. for $62.00 per share in cash, representing an enterprise value of about $7.2 billion including approximately $1.4 billion of net debt. The deal expands WM's environmental services into regulated medical waste and secure information-destruction services, is expected to deliver more than $125 million of annual run-rate synergies and be accretive within one year; the acquisition closed and Stericycle stock was delisted beginning November 4, 2024.