Profile: STERIS Corp (STE)
31 Aug 2015
STERIS Corporation (STERIS), 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 operates in three segments: Healthcare, Life Sciences, and STERIS Isomedix Services. The Company offers 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 Healthcare segment manufactures and sells capital equipment, accessory, consumables, information support and service solutions to healthcare providers, including acute care hospitals and surgery and gastrointestinal (GI) centers. These perioperative solutions include Steam, vaporized hydrogen peroxide and ethylene oxide (EO) sterilizers, as well as liquid chemical sterilant processing systems; Automated washer/disinfector systems that clean and disinfect a 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 range 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; cleaning chemistries and sterility assurance products used in instrument cleaning and decontamination systems; cleansing products, including hard surface disinfectants, skin care and hand hygiene solutions, for use by care-givers and patients throughout healthcare institutions. The brand names for these products include SYSTEM 1E, Amsco, Hamo, Reliance, Cmax, Harmony, Kindest Kare, Alcare, Verify, Cal Stat, Roth Net, Little Sister, and T-Series.
The Healthcare segment provides a range of preventive maintenance programs and repair services to support the effective operation of capital equipment over its lifetime. The Company offers these corrective and preventive service solutions to Customers who have internal clinical/biomedical engineering departments and Customers who rely on the Company to provide those services. Field service personnel install, maintain, upgrade, repair, and troubleshoot equipment throughout the world. The Company also offers sterilization and surgical management consulting services. It offers remote equipment monitoring technology to anticipate potential failure modes and take corrective action thereby improving Customers' equipment uptime. In addition, it offers instrument and endoscope repair solutions to customer. The Healthcare segment provides other support services, such as construction and facility planning, engineering support, device testing, customer education, asset management/planning, and the sale of replacement parts, among others. These solutions also include information management and decision support solutions to operating room, among others. Healthcare segment sells capital equipment, consumables, and services to Customers in the United States and other countries around the world.
The Company competes with 3M, Belimed, Cantel Medical, Ecolab, Getinge, Go Jo, Johnson & Johnson, Kimberly-Clark, Skytron, and Stryker.
Life Sciences segment
The Life Sciences segment manufactures and sells a range of capital equipment, formulated cleaning chemistries, and service solutions to pharmaceutical companies and private and public research facilities around the world. 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 spaces, such as isolators, pharmaceutical processing and laboratory animal rooms. The equipment also include 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; Washer/disinfectors that decontaminate a range of components in pharmaceutical and industrial manufacturing processes and in research labs, such as glassware, vessels, equipment parts, drums, hoses, and animal cages. The brand names for these products include Amsco, Reliance, Finn-Aqua, VHP, and the CIP Products.
The Life Sciences segment offers a range of 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 around the world. The Company also offers consulting services and technical support to architecture and engineering firms and laboratory planners.
The Company competes with Belimed, Ecolab, Fedegari, Getinge, MECO, Stilmas, and Techniplast.
The Isomedix segment operates through a network of 19 facilities located in North America. The Company sells an array of contract processing services using gamma irradiation (Gamma) and ethylene oxide (EO) technologies, as well as an array of laboratory testing services. The Company 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 range of processing services at its facilities. Gamma is an irradiation process which utilizes cobalt-60. EO is a gaseous process. In addition, it offers an array of laboratory testing services that complements the manufacturing of terminally sterilized products.
The Company competes with Sterigenics International, Inc.
5960 HEISLEY RD
MENTOR OH 44060-1834
Company Web Links
- BUZZ-Synergy Health: top midcap gainer on brokerage upgrade
- BRIEF-Synergy Health says Steris and co agree to extend long-stop date for deal
- Synergy's plans to fight Steris prompted FTC merger challenge
- Deals of the day- Mergers and acquisitions
- U.S. sues to block merger of Steris Corp, Synergy Health