Business Acquisitions and Divestitures (Tables)

12 Months Ended

Mar. 31, 2025

Business Combination Assets Acquired and Liabilities Assumed

The table below summarizes the allocation of the purchase price to the net assets acquired based on fair values at the acquisition dates for our fiscal 2025, 2024, and 2023 acquisitions.


	Fiscal Year 2025 (1)		Fiscal Year 2024		Fiscal Year 2023
	All Acquisitions		Other Acquisitions (Excluding BD)		All Acquisitions
Cash	$	—	$	417	$	—
Accounts receivable	1,299		1,537		2,405
Inventory	1,228		654		12,342
Property, plant, and equipment	21,240		153		2,131
Lease right-of-use assets, net	4,571		—		667
Other assets	4,341		5		177
Intangible assets	15,913		2,940		30,185
Goodwill	10,610		2,503		4,863
Total assets	59,202		8,209		52,770
Current liabilities	(2,118)		(643)		(2,170)
Non-current liabilities	(2,945)		(651)		(473)
Total liabilities	(5,063)		(1,294)		(2,643)
Net assets	$	54,139	$	6,915	$	50,127

(1) Purchase price allocation is preliminary as of March 31, 2025, as valuations have not been finalized.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The table below summarizes the allocation of the purchase price to the net assets acquired from BD based on fair values at the acquisition date.


	September 30, 2023 (As Previously Reported)		Adjustments (2)		Final


Inventory	27,006		4,821		$	31,827
Property, plant, and equipment	6,755		1,109		7,864
Lease right-of-use assets, net	—		1,737		1,737

Intangible assets (1)	303,598		(598)		303,000
Goodwill	202,399		(5,332)		197,067
Total assets acquired	539,758		1,737		541,495
Lease obligations	—		1,737		1,737
Total liabilities assumed	—		1,737		1,737
Net assets acquired	$	539,758	$	—	$	539,758

(1) Includes estimated fair values of $238,000 for Customer relationships (13 years estimated useful life), $50,000 for Patents and technology (13 years estimated useful life), and $15,000 for Trademarks and trade names (15 years estimated useful life) as of the acquisition date.

(2) No additional adjustments made during fiscal 2025.

STERIS plc 10-K