Profile: STERIS Corp (STE.N)

STERIS Corporation (STERIS) is a provider of infection prevention and surgical products and services, focused on healthcare, pharmaceutical and research. The Company offers its Customers a mix of capital equipment products, such as sterilizers and surgical tables; consumable products, such as detergents and skin care products, and services, including equipment installation and maintenance; and microbial reduction of medical devices and other products. It operates in three business segments: Healthcare, Life Sciences, and STERIS Isomedix Services.

The Company’s Healthcare is focused on assisting its Customers in enhancing their perioperative performance. It 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 second segment, Life Sciences, 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 irradiation services on a contract basis through a network offacilities 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.

Healthcare Segment

The Company’s Healthcare segment manufactures and sells infrastructure capital equipment, accessory, consumable, information support and service solutions to healthcare providers, including acute care hospitals and surgery and gastrointestinal centers. These capital equipment, accessory and consumable solutions include steam, vaporized hydrogen peroxide and ethylene oxide (EO) sterilizers, as well as liquid chemical sterilant processing systems; automated washer/disinfector systems, which 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, connectivity solutions, such as operating room (OR) integration , workflow, patient tracking and instrument management that allow for high quality transfer of information and images throughout the hospital and between hospitals throughout the world; 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. Brand names for these products include SYSTEM 1, SYSTEM 1E, Amsco, Hamo, Reliance, Cmax, Harmony, Kindest Kare, Alcare, Verify, and Cal Stat.

The Company’s Healthcare segment provides preventive maintenance programs and repair services to support the effective operation of capital equipment over its lifetime. It offers these corrective and preventive service solutions to Customers who have internal clinical/biomedical engineering departments and Customers who rely on it to provide those services. Field service personnel install, maintain, upgrade, repair, and troubleshoot equipment globally. It also offers sterilization and surgical management consulting services allowing healthcare facilities to achieve safety, quality, and productivity improvements in the perioperative loop, which flows between and among surgical suites and the central sterile department. It utilizes remote equipment monitoring technology to improve Customers’ equipment uptime by servicing equipment during off-peak hours. In addition, its Healthcare segment provides other support services, such as construction and facility planning, engineering support, device testing, Customer education, hand hygiene process excellence, asset management/planning, and the sale of replacement parts. It also provides information management and decision support solutions to operating room and central sterilization managers.

The Company competes with Getinge, Johnson & Johnson, 3M, Belimed, Berchtold, Cantel Medical, Ecolab, Go Jo, Kimberly-Clark, Skytron and Stryker.

Life Sciences Segment

The Company’s 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 globe. These capital equipment and formulated cleaning chemistries include Formulated cleaning chemistries, which 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 value spaces, from small isolators to pharmaceutical processing and laboratory animal rooms; high-purity 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, which decontaminate various components in pharmaceutical and industrial manufacturing processes and in research labs, such as glassware, vessels, equipment parts, drums, hoses, and animal cages. Brand names for these products include Amsco, Reliance, Finn-Aqua, VHP, and the CIP Products.

The Company’s Life Sciences segment offers 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. It 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. Its 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. Its Life Sciences segment sells capital equipment, consumables, and services to Customers in the United States and other countries globally.

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 facilities located in North America. It sells a range of contract materials processing services using gamma irradiation (Gamma) and ethylene oxide (EO) technologies. It offers microbial reduction services based on Customer specifications to companies, which supply products to the healthcare, industrial, and consumer product industries. The Company uses gamma irradiation (Gamma) and ethylene oxide (EO) technologies to process a range of products at its facilities. Its locations are in population centers and core distribution corridors throughout North America, 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’s Isomedix segment operates in North America. The segment’s services are offered to Customers throughout the footprint of its network.

The Company competes with Sterigenics International, Inc.