Steris to buy US Endoscopy for $270 mln

July 17 Tue Jul 17, 2012 8:06am EDT

July 17 (Reuters) - Steris Corp said it will buy privately held U.S. Endoscopy Group Inc for $270 million in cash to expand in the medical device market for gastrointestinal diseases.

Steris said the deal is expected to reduce fiscal 2013 earnings by about 5 cents per share, but will add to earnings from 2014.

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