SRI/Surgical Express to be Acquired by Synergy Health
SRI/Surgical Express has announced it will be acquired by Synergy Health, a United Kingdom-based provider of outsourced sterilization services, according to a news release.
SRI is a provider of central processing and supply chain management services to surgery centers and hospitals in the United States.
"SRI Surgical, and the healthcare customers we serve, will benefit greatly from this very strategic acquisition," said Gerald Woodard, CEO of SRI Surgical, in the release. "Both companies have extensive expertise in sterilization technology, along with 20 years of customer service in this area. We look forward to blending the strengths of SRI and Synergy Health as we focus on the growth of our reusable surgical linens, instrument reprocessing, and CS management services."
The transaction is valued in the aggregate at approximately $25.06 million in equity value and $38.45 million in enterprise value. The transaction is expected to close by July 16.
SRI/Surgical Express is headquartered in Tampa, Fla.
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