September 19, 2021

Biz Journal

Business perfection

Baxter in Early Talks to Purchase Medical-System Maker Hill-Rom

Baxter Worldwide Inc. is in talks to purchase medical-equipment maker Hill-Rom Holdings Inc., in keeping with individuals conversant in the matter.

The talks are at an early stage, a few of the individuals stated, and there’s no assure a deal can be reached. Ought to there be one, it might be pretty substantial, as Hill-Rom has a market worth of about $8 billion.

Hill-Rom has already rebuffed a $144-per-share bid from Baxter, a few of the individuals stated.

Baxter’s market worth is round $41 billion.

Chicago-based Hill-Rom, based in 1915, makes medical gear akin to hospital beds and patient-monitoring units.

Source link