Innovation, influence and business in America's medical cities.

Updated 12:10 p.m.Infection prevention and decontamination technologies maker STERIS Corp. (NYSE: STE) lost $45 million in its fiscal first quarter, thanks to setting aside $110 million to cover a rebate program in a bid to hold on to customers of its flagship sterilization technology.AdvertisementThe Mentor, Ohio, company said more customers than expected may use rebates [...]

STERIS Corp. (NYSE: STE) will give shareholders a say on the company’s executive compensation program at their July annual meeting.The Mentor, Ohio, maker of healthcare technologies is asking shareholders to approve a “nonbinding, advisory proposal” to endorse or not endorse its policies and procedures on executive pay. Such votes often are called “Say on Pay” [...]

STERIS Corp. (NYSE: STE) is investing $11 million in an headquarters expansion to create an interactive showcase for its health technologies that it hopes will change the way it works with customers.The Mentor, Ohio maker of infection prevention, decontamination and health science technologies will use more than $5 million in city and state tax incentives [...]

Updated 3:09 p.m.Consumables. That’s one thing that helped STERIS Corp. (NYSE: STE) make up some of the revenue ground lost to troubles over the company’s System 1 sterilizer and other uncertainties in fiscal 2010.The Mentor, Ohio, healthcare technology maker continued its quest for operating efficiency in the year ended March 30, leading to higher [...]

All of a sudden, Mentor, Ohio, has become a hot spot for job growth in medical device and equipment companies.STERIS Corp. (NYSE: STE), the maker of contamination-control technologies, as well as sophisticated operating room equipment, is closing a leased facility in Erie, Penn. and plans to transfer most of the 240 jobs to Mentor as [...]

Updated 5:58 p.m.STERIS Corp. (NYSE: STE) has settled with the Food and Drug Administration, addressing the “violating device” status of the company’s System 1 liquid chemical sterilizer and fleshing out a transition plan that will enable U.S. customers–mostly hospitals and surgical centers–to trade in their System 1s for rebates.The terms of the consent [...]

US Endoscopy‘s chief operating officer hopes city and state economic development programs will help his company to keep innovating.The Mentor, Ohio, company makes endoscopic products aimed at unmet needs in the burgeoning market for minimally invasive surgical procedures of the digestive system. It offers about 140 products — many of them accessories that enable diagnosis [...]

After more than a year of review, the Food and Drug Administration has cleared for market the next-generation liquid chemical sterilizing system–System 1E–of STERIS Corp. The Mentor, Ohio, maker of health and life sciences technologies hopes to deliver the first System 1Es by the quarter ending Sept. 30.Until then, it will continue working with the [...]

Sterilization-products maker STERIS Corp. has signed a development agreement with a New Jersey firm that specializes in filtration products.STERIS and River Edge, N.J.-based Nephros Inc. “will jointly develop filtration-based products for medical device applications,” according to a statement from Nephros. The statement doesn’t get any more specific than that and Stephen Norton, a STERIS [...]

Mentor, Ohio’s, STERIS Corp. has introduced at the Association of periOperative Registered Nurses Congress in Denver, Colorado, a system that integrates operating room visualization technologies on a single touch screen.The Harmony iQ 2100 Integration System, a joint product with VTS Medical Systems LLC in Melville, N.Y., takes several units that control cameras, imaging devices and [...]