Jun. 16, 2014, 12:36 PM
- Hill-Rom Holdings (HRC +2.1%) acquires Trumpf Medical, the medical division of privately-held Trumpf Group for $250M in cash. Trumpf Medical provides a portfolio of operating room (OR) infrastructure products such as surgical tables & lighting and supply units. The acquisition expands HRC's presence in Asia/Pacific, the Middle East, Eastern Europe and Latin America.
- The incorporation of Trumpf Medical is expected to close in late fiscal Q4 and will add $0.12 - 0.15 to adjusted EPS. The business generated ~$250M in sales over the past 12 months.
Aug. 15, 2012, 3:23 PMHill-Rom (HRC +5.8%) trade up today after Kinetic Concepts sold its competing Therapeutic Support Systems unit to Getinge AB for around $275M. The valuation of the acquisition, along with speculation that HRC could become a takeover target appears to be what's driving the move. | Comment!
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