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STERIS to acquire Xodus Medical for $2.1B

PUBLIC · STEOct 12, 2026

Acquiring Company

STERIS plc

Acquired Company

Xodus Medical

MentorBiotechnologyHealth CareBiotechnologyHealth CareMedicalMedical Device

Description

STERIS STE has agreed to acquire Xodus Medical for $2.1 billion. The deal is expected to close by December 31, 2026, subject to regulatory approvals. Xodus Medical will generate approximately $245 million in revenue by 2026. The acquisition will contribute to tax benefits with a net present value of about $300 million.

Company Information

Company

STERIS plc

Location

Mentor, Ohio, United States

About

STERIS plc is a global leader in providing infection prevention and other procedural products and services. The company focuses on improving patient outcomes and healthcare efficiency. With its wide range of innovative solutions, STERIS serves various markets, including healthcare and pharmaceutical industries.

Fundz sees it the moment STERIS plc makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired Xodus Medical?

Xodus Medical was acquired by STERIS plc, based in Mentor. The deal was reported on October 12, 2026. STERIS plc is a global leader in providing infection prevention and other procedural products and services. The company focuses on improving patient outcomes and healthcare efficiency. STERIS plc is publicly traded (STE) and operates in Biotechnology.

When did STERIS plc acquire Xodus Medical?

STERIS plc's acquisition of Xodus Medical was reported on October 12, 2026. STERIS STE has agreed to acquire Xodus Medical for $2.1 billion. The deal is expected to close by December 31, 2026, subject to regulatory approvals. Xodus Medical will generate approximately $245 million in revenue by 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Xodus Medical do?

Xodus Medical is a leader in innovative surgical solutions focused on improving patient safety, enhancing clinical outcomes, and supporting perioperative teams. It is privately held, operating in Biotechnology.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.