STERIS plc
NYSE-STE
Company Overview
STERIS plc provides infection prevention and other procedural products and services worldwide. It operates through four segments: Healthcare, Applied Sterilization Technologies, Life Sciences, and Dental. The Healthcare segment offers cleaning chemistries and sterility assurance products; automated endoscope reprocessing system and tracking products; accessories for gastrointestinal (GI) procedures, washers, sterilizers, and other pieces of capital equipment for the operation of a sterile processing department; and equipment used directly in the operating room, including surgical tables, lights, and connectivity solutions, as well as equipment management services. It also provides capital equipment installation, maintenance, upgradation, repair, and troubleshooting services; preventive maintenance programs and repair services; instrument and endoscope repair and maintenance services; and custom process improvement consulting and outsourced instrument sterile processing services. The Applied Sterilization Technologies segment provides contract sterilization and testing services for medical device and pharmaceutical manufacturers through a network of approximately 50 contract sterilization and laboratory facilities. The Life Sciences segment designs, manufactures and sells consumable products, such as formulated cleaning chemistries, barrier and sterility assurance products, steam and vaporized hydrogen peroxide sterilizers, and washer disinfectors. This segment also offers equipment installation, maintenance, upgradation, repair, and troubleshooting services; and preventive maintenance programs and repair services. The Dental segment provides hand and powered dental instruments, infection control products, personal protective equipment, and water quality products for dental suite. The company serves its products and services to hospitals, other healthcare providers, and pharmaceutical manufacturers. The company was founded in 1985 and is based in Dublin, Ireland.
Name
STERIS plc
CEO
Daniel A. Carestio
Website
www.steris.com
Sector
Health Care Equipment and Supplies
Year Founded
1985
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Bulls Say
Steris’ technological leadership in applied sterilization technologies, or AST, could attract new customers lacking the capacity to navigate the latest regulatory challenges.
Steris’ track record of supplying mission-critical sterilization, operating room, and endoscopy equipment creates durable switching costs for healthcare providers with stable long-term growth trends.
An aging population and increased adherence to preventive screening could increase endoscopy utilization.
Bears Say
Steris’ acquisitions may not always achieve promised synergies, especially for businesses operating in niche verticals like dental or renal.
Innovation in sterilization and bioprocessing processes may impair the attractiveness of Steris’ current healthcare and life sciences offerings.
Uncertainty with EtO regulations may affect the expansion plans of applied sterilization technologies globally.