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Home Industry News BD Sells Surgical Instrumentation to Steris

BD Sells Surgical Instrumentation to Steris

26th June 2023

Following a busy year of acquisitions in 2022, one of which being the biggest one in Medical Technology for Parata Systems, BD is now streamlining and selling off parts of the business.

The company is selling its surgical instrumentation division to Medical Device firm Steris, known for their sterilization and surgical devices.

In the terms of the contract, Steris is going to shell out $540 million, more than three times the surgical instrumentation division’s annual sales, which currently sit at about $170 million. In the release, BD stated that it does not anticipate losing this part of the business will significantly affect their 2023 EPS.

The sale aligns with BD’s current development strategy, which focuses on their whole portfolio and production infrastructure. The proceeds from the deal will finance the expansion of other rapid growth divisions across the company.

Lead of BD’s interventional division, Rick Byrd, explained that “Steris is well positioned to maximize the value of this extensive portfolio and is fortunate to be adding such a dedicated and talented team to its organization.”

This area generated under 25% of their total sales last year, contributing less than $4.5 billion to their $18.87 billion total.

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