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STERIS announced agreement to acquire Xodus Medical

October 2026

Client(s) STERIS plc

Jones Day is representing STERIS plc (NYSE: STE) in connection with its acquisition of Xodus Medical, Inc., a specialty surgical products business based in Pennsylvania, and related affiliates, for a purchase price of $2.1 billion, with additional potential earnout consideration of up to $150.0 million based on specific post-closing performance targets in calendar year 2028.

The transaction is expected to close by year end 2026, subject to receipt of applicable regulatory clearances and other customary closing conditions.

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