Steris Plc (NYSE:STE) is seeking acquisitions. Walter M. Rosebrough, Chief Executive Officer, President and Director of Steris said, “We continue to believe that there are acquisition opportunities before us, but the timing of deal completion is difficult to predict”. Michael J. Tokich, Chief Financial Officer, Senior Vice President and Treasurer said, “In terms of the balance sheet, we ended the quarter with $283 million of cash, $1.48 billion in total debt and a debt-to-EBITDA leverage ratio of just under 2.5x. Without additional acquisitions, we anticipate leverage by the end of fiscal year 2018 to be approximately 2x debt-to-EBITDA. As this happens, we will be approaching or passing our optimum level of leverage, and we will likely move away from our recent emphasis on lowering our leverage ratio and instead return our focus to our traditional capital allocation priorities: maintaining and growing the dividend, reinvesting in our businesses, funding acquisitions and share repurchases.”