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Key Surgical

Eden Prairie, United Stateswww.steris.com/healthcare/key-surgical1expert edge

Key Surgical is a global provider of consumable products for sterile processing departments, operating rooms and endoscopy suites, including instrument cleaning brushes, care solutions, identification systems and protective covers. Founded in 1988 and headquartered in Eden Prairie, Minnesota, it was acquired by STERIS in November 2020 for $850 million and now operates as a STERIS brand.

Why interesting to a deal team

Full sponsor-to-strategic cycle in one asset: Water Street's 2017 buyout, roughly 500% revenue growth to ~$170M, then STERIS's $850M exit in 2020, with the connected expert as deal counsel throughout. Direct precedent for medtech consumables platform diligence and sponsor exits.

Experts connected to this company

JR

Jill Radloff

Partner (led team advising Infinx on its $96M acquisition of i3 Verticals' Healthcare RCM business)

Stinson LLP

LawyerMinneapolis

She quarterbacked the legal side of the most recent major healthcare RCM carve-out (Infinx/i3 Verticals, $96M) and knows the sector's deal mechanics firsthand.

Sources