ITEM 8.01. Other Events.
On December 27, 2012, STERIS Corporation ("STERIS") purchased the remaining
interests held by its partner in their VTS Medical Systems, LLC joint venture.
The purchase price was approximately $19 million in cash. VTS Medical Systems,
LLC is headquartered in Long Island, New York and together with its predecessor
has a thirty-year history as an innovator in the design and development of
surgical grade monitors and operating room integration solutions for healthcare
facilities. The joint venture began in fiscal 2009, and STERIS increased its
ownership of the joint venture to just under 50% during fiscal 2011. With this
final investment, VTS is now a wholly-owned subsidiary of STERIS, and will be
integrated into STERIS's Healthcare segment within the surgical solutions
business unit.
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