STERIS

Devices & Diagnostics

STERIS CEO’s pay dropped 29 percent last year

Investor outrage about excessive executive compensation rears its head from time to time, but STERIS (NYSE:STE) shareholders are unlikely to shake their fists at CEO Walt Rosebrough’s pay package. That’s because Rosebrough’s pay dropped 29 percent to about $2.2 million in STERIS’ fiscal year ended March 31, 2012, compared with the prior year. Rosebrough’s base […]

Devices & Diagnostics

STERIS sees new fiscal year as ‘turning point’ as it completes System 1 transition

Medical device company STERIS (NYSE:STE) is viewing its recently started fiscal 2013 as a “turning point” for the company, as it moves beyond a lengthy and costly transition from its flagship sterilization system. Mentor, Ohio-based STERIS experienced several challenges to its bottom line last year, including costs associated with moving customers to its System 1E, […]

Devices & Diagnostics

STERIS gets 510(k) clearance on software modification to liquid sterilization system

STERIS (NYSE:STE) has received 510(k) clearance from the U.S. Food and Drug Administration for software modifications to its System 1E liquid chemical sterilization system. The modifications are related to system aborts that were caused primarily by water-temperature issues, STERIS spokesman Steve Norton said. The System 1E is a liquid chemical sterilizing system used by hospitals, […]

Devices & Diagnostics

STERIS opens new European headquarters in France

Sterilization products maker STERIS (NYSE:STE) has opened a new European headquarters in Bordeaux, France. The Bordeaux headquarters brings together marketing, research and development, manufacturing, and sales and customer services. The Mentor, Ohio-based company’s goal is to foster collaboration between the disparate groups to more rapidly develop new products, Cleanroom Technology reported. About 150 employees, some […]

Devices & Diagnostics

STERIS and Toshiba to collaborate on ‘hybrid’ operating rooms

STERIS (NYSE:STE) and Toshiba America Medical Systems have struck a deal to collaborate on creating “hybrid” operating rooms for hospital customers. Selling equipment for hybrid operating rooms is expected to be an increasingly important revenue generator for Mentor, Ohio-based STERIS, which has seen a surge in demand surrounding this next-generation surgical suites. Hybrid operating rooms […]