Key Surgical

Key Surgical is a producer of disposable medical and surgical products. This portfolio company of Water Street Healthcare Partners investment fund from Chicago is based in Eden-Preri, the State of Minnesota. Key Surgical was founded in 1988.

Performance Indicators

2019

In 2019 revenue of Key Surgical made $170 million, and profit - about $50 million.

History

2020: Steris purchased Key Surgical for $850 million

In the middle of October, 2020 the Steris company announced acquisition of Key Surgical for $850 million Steris has the right to a tax benefit which will actually reduce the purchase price approximately to $810 million according to Steris, the portfolio of disposable products of Key Surgical will become estesnvennym addition to the surgical equipment of Steris. The company expects that the transaction will provide growth of revenue, profitability and the profit of Steris.

Key Surgical complements and expands Steris product assortment worldwide. the portfolio of offers of Key Surgical in the field of sterilization, is ideal for products for operating rooms and endoscopy for our primary clients, - the president and the chief executive officer of Steris Walt Rosebrough considers. - Thanks to numerous offers, a permanent flow of new products and the highly effective commercial Key Surgical model will be able quickly to take the market.

The equipment manufacturer for surgeons of Steris purchased Key Surgical for $850 million

According to terms of agreement, Steris will acquire the shares Key Surgical when closing which is expected by December 31, 2020. The transaction will be financed by debt obligations and cash. As a result of Steris hopes to receive about $40 million additional revenue and about $0.10 to adjusted earnings for an action in the fourth quarter 2021 financial year. Steris expects to begin to get profit on acquisition by third year after closing of the transaction in the amount of 10 to 15 million dollars before tax.^[1]

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