NEW

‘Eye-opening’ OR Webinar Receives High Marks

The February 20 OR Today webinar sponsored by RepScrubs was described as “very interesting” and “eye-opening” by more than one attendee. The session “OR Food for Thought – LITERALLY! What Are We Bringing Into Our ORs and Why?” was presented by Dr. John Kutz, FACS,...

Study: UV Technology Raises the Standard in Disinfecting ORs

Ultraviolet (UV) technology developed by the New York-based firm PurpleSun Inc. eliminates more than 96 percent of pathogens in operating rooms (ORs) and on medical equipment, compared to 38 percent using manual cleaning methods that rely on chemicals to disinfect...

Agiliti Acquires Mobile Instrument Service & Repair Inc.

Agiliti Inc. has acquired Mobile Instrument Service & Repair Inc., the third largest provider, by revenue, of surgical equipment repair services to the U.S. health care industry. The transaction was priced at 11x the company’s 2019 Adjusted EBITDA. “Mobile...

Northwell to Open 4 Cardiac Catheterization Labs

Three Northwell Health facilities – Lenox Health Greenwich Village, Mather Hospital in Port Jefferson and Plainview Hospital – have received approval this month from the New York State Health and Health Planning Council to establish cardiac catheterization labs,...

Fortive Completes Acquisition of Advanced Sterilization Products Business from Johnson & Johnson

Fortive Corporation (“Fortive”) (NYSE: FTV) announced today that it has completed the acquisition of the Advanced Sterilization Products (“ASP”) business from Ethicon, Inc., a subsidiary of Johnson & Johnson, for approximately $2.7 billion in cash.

ASP is a leading global provider of innovative sterilization and disinfection solutions, and a pioneer of low-temperature hydrogen peroxide sterilization technology. ASP supports healthcare facilities in the fight to protect patients against hospital-acquired infections, which are a leading cause of morbidity and mortality. ASP’s products, which are sold globally, include the STERRAD system for sterilizing instruments and the EVOTECH and ENDOCLENS systems for endoscope reprocessing and cleaning. In 2018, ASP generated net revenue of approximately $800 million.

James A. Lico, President and Chief Executive Officer, stated, “We are extremely excited to welcome ASP to the Fortive family. The acquisition of ASP demonstrates our increased commitment to enhancing the safe operation of hospitals and healthcare facilities worldwide. We are confident that the addition of ASP to the Fortive portfolio will generate compelling value for ASP and its customers, as well as our shareholders.”

Fortive will discuss the acquisition of ASP during its scheduled quarterly earnings call on April 25, 2019.

Previous

Next

Submit a Comment

Your email address will not be published. Required fields are marked *

X