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Hill-Rom Holdings, Inc. (HRC)

  • 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.
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  • Aug. 15, 2012, 3:23 PM
    Hill-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.
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Company Description
Hill-Rom Holdings Inc is engaged in selling and renting patient support and near-patient technologies and services, and health information technology solutions in the U.S. and Canada.