Financial News

Ecolab Closes $950 Million Sale of Global Surgical Solutions Business

Plans $500 million stock repurchase now that its deal with Medline is complete.

Author Image

By: Christine Esposito

Editor-in-Chief

Ecolab Inc. closed the sale of its global surgical solutions business to Medline in a $950 million cash deal. The business unit sold drapes, under the Microtek brand name, donned by surgeons and patients and also used on operating room equipment. Ecolab said it will continue to serve hospitals through its infection prevention (environmental hygiene programs to reduce hospital acquired infections) and instrument reprocessing businesses, which offers cleaning and sterilization solutions for ins...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters