What did STERIS plc pay for Key Surgical?

STERIS plc acquired Key Surgical for $853.2M in 2020 (17.1x EBITDA), equivalent to 5.00x revenue. Target revenue was approximately $170.0M. Target EBITDA was approximately $50.0M.

What does Key Surgical do?

Key Surgical is a medical devices business.

What multiple did STERIS plc pay for Key Surgical?

17.1x EBITDA and 5.00x revenue, based on disclosed deal value of $853.2M and disclosed financials.

M&A TRANSACTION · 2020

Key Surgical acquired by STERIS plc

$853.2M· 17.1x EBITDA· 5.00x revenue

Target

Key Surgical

Acquirer

STERIS plc

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$170.0M

EBITDA

$50.0M

Deal Value

$853.2M

EV/EBITDA

17.1x

Context

This $853.2M acquisition of Key Surgical by STERIS plc sits in the medical devices sub-vertical. The 17.1x EBITDA multiple paid in 2020 can be compared against the population median for medical devices transactions of similar size on our Medical Devices valuation hub. STERIS plc is acquiring as a strategic buyer; see how strategic acquirers typically price medical devices businesses on our Medical Devices strategic buyer-pool page.

Source

Data sourced from SEC filings and press releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2020). Key Surgical acquired by STERIS plc. https://exitvalue.ai/deals/key-surgical-acquired-by-steris-plc-hc-2020-0115