Profile: STERIS Corp (STE)
29 Jul 2014
STERIS Corporation, incorporated on August 9, 1985, is a provider of infection prevention and other procedural products and services, focused primarily on healthcare, pharmaceutical and research. The Company offers its Customers a mix of capital equipment products, such as sterilizers and surgical tables, and connectivity solutions such as operating room (OR) integration; consumable products, such as detergents and skin care products, gastrointestinal (GI) endoscopy accessories, and other products; services, including equipment installation and maintenance; and microbial reduction of medical devices, instrument and scope repair solutions, and laboratory testing services. The Company operates in three reportable business segments: Healthcare, Life Sciences and STERIS Isomedix Services. In March 2014, Steris Corp acquired Eschmann Holdings Ltd, a Lancing-based manufacturer and wholesaler of medical equipments, from SISK Group. In May 2014, STERIS Corp acquired Integrated Medical Systems Inc.
The Company’s Healthcare segment provides surgical, sterile processing, infection prevention and gastrointestinal solutions. The Company provides support directly to the operating room, as well as to the sterile processing functions where instruments are reprocessed between surgeries and gastrointestinal procedures. Its Life Sciences segment primarily serves pharmaceutical manufacturers and research organizations by providing decontamination and sterilization technologies, products and services that help support the safety and effectiveness of the products they produce. STERIS Isomedix Services (Isomedix) provides ethylene oxide and/or gamma irradiation services on a contract basis through a network of facilities in North America, where it processes medical devices and other products as designated by its Customers' specifications prior to their delivery to the end user.
The Company’s Healthcare segment manufactures and sells capital equipment, accessory, consumable, information support and service solutions to healthcare providers, including acute care hospitals and surgery and gastrointestinal (GI) centers. These solutions aid its Customers in improving the safety, quality, productivity, and utility consumption of their surgical, sterile processing, gastrointestinal, and emergency environments.
The perioperative solutions include: steam, vaporized hydrogen peroxide and ethylene oxide (EO) sterilizers, as well as liquid chemical sterilant processing systems, that allow Customers to meet rigorous standards and regulations and assist in the safe and effective re-use of medical equipment and devices; automated washer/disinfector systems that clean and disinfect a wide range of items from rolling instrument carts and other healthcare equipment to small surgical instruments;general and specialty surgical tables, surgical and examination lights, equipment management systems, operating room storage cabinets, warming cabinets, scrub sinks, and other complementary products and accessories for use in hospitals and other ambulatory surgery sites; gastrointestinal endoscopy accessories for a variety of GI procedure areas including bleed management and procedure irrigation, foreign body retrieval, polypectomy, and tissue acquisition; Connectivity solutions such as operating room (OR) integration, OR and sterile processing department (SPD) workflow, patient tracking and instrument management that allow for transfer of information and images throughout the hospital and between hospitals throughout the world; These solutions aid in improving the productivity and quality of Customers' inpatient and outpatient surgical departments and sterile processing functions; Cleaning chemistries and sterility assurance products used in instrument cleaning and decontamination systems, and Cleansing products, including hard surface disinfectants and skin care and hand hygiene solutions, for use by care-givers and patients throughout healthcare institutions.
The Company’s Healthcare segment provides various preventive maintenance programs and repair services to support the effective operation of capital equipment over its lifetime.It offers comprehensive sterilization and surgical management consulting services allowing healthcare facilities to achieve safety, quality, and productivity improvements in the perioperative loop that flows between and among surgical suites and the central sterile department. Th Company offers remote equipment monitoring technology to anticipate potential failure modes and take corrective action thereby improving Customers' equipment uptime. It offers comprehensive instrument and scope repair solutions to Customers, either on site or at one of its dedicated repair facilities. These solutions extend instrument and scope life and reduce Customer's replacement costs. Finally, its Healthcare segment provides other support services, such as construction and facility planning, engineering support, device testing, Customer education, hand hygiene process , asset management/planning, and the sale of replacement parts. These solutions also include information management and decision support solutions to operating room and central sterilization managers to help in managing these environments and identifying opportunities to improve performance. Some of the brands include SYSTEM 1E, Amsco, Hamo, Reliance, Cmax, Harmony, Kindest Kare, Alcare, Verify, Cal Stat, and Roth Net.
The Company competes with 3M, Belimed, Berchtold, Cantel Medical, Ecolab, Getinge, Go Jo, Johnson & Johnson, Kimberly-Clark, Skytron, and Stryker.
Life Sciences segment
The Company’s Life Sciences segment manufactures and sells a broad range of capital equipment, formulated cleaning chemistries, and service solutions to pharmaceutical companies, and private and public research facilities around the globe. These capital equipment and formulated cleaning chemistries include: Formulated cleaning chemistries that are used to prevent biological and chemical contamination and to monitor sterilization and decontamination processes, including products used to clean components used in manufacturing, decontaminate systems, and disinfect or sterilize hard surfaces; Vaporized Hydrogen Peroxide (VHP) generators used to decontaminate many high value spaces, from small isolators to pharmaceutical processing and laboratory animal rooms; water equipment, which generates water for injection and pure steam; Sterilizers used in the manufacture of pharmaceuticals and biopharmaceuticals as well as sterilizers for equipment and instruments used in research studies, mitigating the risk of contamination, and Washer/disinfectors that decontaminate various components in pharmaceutical and industrial manufacturing processes and in research labs, such as glassware, vessels, equipment parts, drums, hoses, and animal cages.
The Company’s Life Sciences segment offers various preventive maintenance programs and repair services to support the effective operation of capital equipment over its lifetime. Field service personnel install, maintain, upgrade, repair, and troubleshoot equipment throughout the world. The Company utilizes remote equipment monitoring technology to improve Customers’ equipment uptime. It also offers consulting services and technical support to architecture and engineering firms and laboratory planners. The Company’s services deliver in decontamination and infection control technologies and processes to end users. Its service personnel also provide higher-end validation services in support of its pharmaceutical Customers. Some of the brands include Amsco, Reliance, Finn-Aqua, VHP, and the CIP Products.
The Company competes with Belimed, Ecolab, Fedegari, Getinge, MECO, Stilmas, and Techniplast.
Steris Isomedix Services segment
The Company’s Isomedix segment operates through a network of 19 facilities located in North America. The Company sells a comprehensive array of contract processing services using gamma irradiation (Gamma) and ethylene oxide (EO) technologies as well as an array of laboratory testing services. It offers microbial reduction services based on Customer specifications to companies that supply products to the healthcare, industrial, and consumer product industries.
The Company uses Gamma and EO technologies to provide a wide range of processing services at its facilities. Gamma is an irradiation process which utilizes cobalt-60. EO is a gaseous process. In addition, the Company offers an array of laboratory testing services that complements the manufacturing of terminally sterilized products. Its locations are in population centers and core distribution corridors throughout North America, primarily in the Northeast, Midwest, Southwest, and southern California. Its technical services group supports Customers in all phases of product development, materials testing, and process validation.
The Company competes with Sterigenics International, Inc.
5960 HEISLEY RD
MENTOR OH 44060