Ropes & Gray advised Becton, Dickinson and Company (BD) in a definitive agreement to sell its Surgical Instrumentation platform to STERIS for $540 million. Divesting the platform supports the achievement of BD’s financial goals, including revenue growth and margin expansion. The transaction was announced in a press release on June 20.
Based in Franklin Lakes, N.J., BD is a leading medical technology company that partners with customers and stakeholders to address many of the world’s most pressing and evolving health needs.
The Ropes & Gray team included mergers & acquisitions partners Stephanie Lapidus and Marko Zatylny, intellectual property transactions partner Abigail Gregor, employment partner Richard Kidd, tax partner Aaron Harsh, executive compensation & employee benefits partner Kyle Higley, antitrust partners Jonathan Klarfeld and Ruchit Patel, real estate investments & transactions partner Peter Alpert, data, privacy, and cybersecurity partner Ed McNicholas, health care partner Eve Brunt and life sciences regulatory & compliance partner Greg Levine.
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