Our History | STERIS
STERIS Corporation - Helping to provide a healthier today and a safer tomorrow.

Our History

In the 1980s, minimally invasive surgeries were becoming more common, and these procedures required the use of heat-sensitive instruments like endoscopes. Existing sterilization techniques included steam, which would damage the devices, and gas, which required significant processing time.

Microbiologist Raymond Kralovic, Ph.D., conceived a low-temperature, liquid sterilization process to meet the growing need for sterilization of these devices. In 1985, Ray founded Innovative Medical Technologies, the forerunner of STERIS, in Mentor, Ohio.

In 1987, businessperson Bill Sanford joined the company as president, and the company changed its name to STERIS Corporation.

 

STERIS 40th Anniversary - Foundation for the Future

1985

STERIS is founded as Innovative Medical Technologies with five employees by Microbiologist Raymond Kralovic, Ph.D. in Mentor, Ohio.

Raymond Kralovic, Ph.D

Financing is secured, and research and development continue on a liquid chemical sterilization system.

1987

Bill Sanford secures $1.2 million in financing and joined Innovative Medical Technologies.

Bill Sanford

Bill Sanford is named first President and CEO and changes the company’s name to STERIS Corporation.

1988

The first unit of our founding product, SYSTEM 1, is manufactured and shipped.

SYSTEM 1E

*SYSTEM 1 is not available for sale in the U.S.

1992

STERIS makes an initial public offering of shares of common stock at $7 a share, and the Company is registered on the NASDAQ exchange as STRL.

NASDAQ logo

STERIS Stock

1996

STERIS acquires AMSCO International, Inc., a provider of sterilization systems, surgical tables and lights, and related infection prevention products and services, and Calgon Vestal Laboratories, a provider of infection prevention consumables.

AMSCO logo

Calgon Vestal Laboratories Logo

1997

STERIS acquires Isomedix Services, the leading provider of contract sterilization and microbial reduction services.

Isomedix logo

Isomedix headquarters building

1998

STERIS moves to the New York Stock Exchange (NYSE) under the ticker symbol STE.

STE Listed NYSE

STERIS Flag

2000

STERIS CFO Les C. Vinney is named second president and CEO. 

Les Vinney

STERIS grows to more than 4,500 Associates and $760 million in sales.

2004

Revenue reaches $1 BILLION.

Albert Browne is acquired.

Albert Browne Logo

2007

Walt Rosebrough becomes the third president and CEO.

Walt Rosebrough

2012

STERIS acquires US Endoscopy, a leader in the design, manufacture, and sale of therapeutic and diagnostic medical devices and support accessories used in gastrointestinal (GI) endoscopy markets worldwide.

US Endoscopy logo

STERIS grows to 5,000 Associates in 60 countries.

2014

STERIS acquires Integrated Medical Systems International, Inc. (IMS), a surgical instrument management and clinical consulting company.

IMS logo

STERIS went on to acquire a dozen instrument repair franchises to become a provider of these services throughout the U.S.

2015

STERIS acquires Synergy Health, a global leader in outsourced sterilization services.

Synergy Health Logo

The combined global company is incorporated in the U.K. under the name STERIS plc. U.S. operational headquarters remained in Mentor, Ohio.

STERIS acquires General Econopak (GEPCO), a manufacturer of barrier protection products.

2016

$2 BILLION in revenue reached.

Lean Steering Committee created.

A Lean Steering Committee is a cross-functional team of key leaders and Associates from various departments that helps a company achieve its lean transformation and ensure that its lean initiatives are aligned with its strategic goals and are successful.

2019

STERIS joins the S&P 500.

STERIS redomiciles from the U.K. to Ireland.

Ireland Flag

2020

Revenue reaches $3 BILLION.

STERIS acquires Key Surgical, a global provider of sterile processing department, operating room, and endoscopy consumables that support procedures in hospitals and surgery centers.

Key Surgical Logo

2021

STERIS acquires Cantel Medical, a global provider of infection prevention products and services to endoscopy and life sciences Customers.

Cantel Logo

Dan Carestio is named the fourth president and CEO.

Dan Carestio

2023

STERIS acquires the surgical instrumentation portfolio from medical device manufacturer BD (Becton, Dickinson, and Company), including V. Muellerâ„¢ surgical and laparoscopic instruments.

V. Muellerâ„¢

2024

$5 BILLION in revenue reached.

STERIS grows to more than 18,000 global Associates and restructures into three business segments:

2025

Who we are today:

We have worked diligently to lay the foundation for the next 40 years, and we will continue to succeed by doing what we do best: serving our Customers and working every day to evolve in a way that meets their most pressing needs.

Dan Carestio Signature

Dan Carestio
President and Chief Executive Officer