Who bought out Hillrom?
Baxter International Inc
Medtech firm Baxter to buy hospital-bed maker Hill-Rom for $10.5 bln. Sept 2 (Reuters) – U.S. medtech firm Baxter International Inc (BAX. N) said on Thursday it would buy rival Hill-Rom Holdings Inc (HRC.
Did Hillrom get bought out?
Baxter Acquires Hillrom in the Largest Medical Device Acquisition of the Year. Baxter International Inc. (“Baxter”) has agreed to acquire Hillrom for $10.5 billion ($156 per share) in a deal expected to close in 2022. After assumption of debt, the total enterprise value of the deal is approximately $12.4 billion.
What Will Baxter do with Hillrom?
Baxter will pay $156 in cash for each outstanding share of Hillrom common stock, totaling a purchase price of $10.5 billion. It will also assume Hillrom’s outstanding debt and cash for a total enterprise value of about $12.4 billion. The transaction is expected to close by early 2022.
Is Baxter Buying Hillrom?
Baxter announced Thursday it will acquire Hillrom in an all-cash deal valued at $10.5 billion or $156 per Hillrom share. CEO Joe Almeida told investors Baxter’s decision to buy Hillrom was an effort to “augment and optimize” its connected care portfolio.
Did Hillrom Acquires Welch Allyn?
Chicago-based Hillrom, which bought Welch Allyn Inc. in 2015, announced Tuesday it was uniting its many acquired company brands to the Hillrom brand. Hillrom said the Welch Allyn brand will continue as a flagship product family for the company’s patient monitoring and diagnostic equipment.
What products does Hill Rom make?
Hill-Rom
| Type | Public company |
|---|---|
| Products | Hospital smart beds and surfaces, patient monitors, care communications, lifts, physical exam and diagnostics, vision screening, respiratory health, surgical tables, IT solutions, and smart care services |
| Revenue | US$2.91 billion (2019) |
| Number of employees | 10,000 (2018) |
| Website | www.hillrom.com |
What products does Hillrom make?
What products does Hill-Rom make?
Who owns Welchallyn?
Hill-Rom
Hill-Rom EU LLP
Welch Allyn/Parent organizations
Hill-Rom Holdings, Inc. (NYSE: HRC) (“Hill-Rom”) and privately-held Welch Allyn, Inc. (“Welch Allyn”) today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Hill-Rom will acquire Welch Allyn for approximately $2.05 billion in cash and stock.
Is Hill-Rom a US company?
Chicago, Illinois, U.S. Hill-Rom Holdings, Inc. (branded as Hillrom) is an American medical technology provider.
Why are shares of Hill Rom Holdings up?
Shares of medical equipment maker Hill-Rom Holdings (NYSE: HRC) were up more than 10% as of 11:22 a.m. EDT on Monday after reports of a buyout offer from Baxter International (NYSE: BAX). In addition to expanding the product line, Hill-Rom’s higher-margin offerings could also be the attraction.
How much is Baxter going to pay for Hill Rom?
The new offer comes a month after Hill-Rom rejected a $9.6 billion takeover offer from Baxter, Bloomberg Baxter International Inc (NYSE: BAX) has agreed to acquire Hill-Rom Holdings Inc (NYSE: HRC) for $156.00 per share in cash, slightly higher than the earlier anticipated $150.
What kind of medical equipment does Hill Rom make?
Mergers and acquisitions involving health-care companies have nearly tripled this year to $353 billion, data compiled by Bloomberg show. Hill-Rom, based in Chicago, makes a range of hospital equipment including stretchers, patient monitors, operating tables and electrocardiographs, according to its website.
How much money is Hillrom giving to hospitals?
/PRNewswire/ — Hillrom (NYSE: HRC) today announced it is donating an additional $3 million in medical devices well-suited for critical and intensive care environments to 25 U.S. hospitals fighting COVID-19.