Baxter in late-stage talks to buy Hillrom for $10B: WSJ

Baxter International is in advanced talks to buy Hillrom for roughly $10 billion, people familiar with the matter told The Wall Street Journal. 

The deal values Hillrom at about $150 per share, the Journal reported Aug. 29. The Journal reported in July that Baxter offered to purchase the medical equipment maker for about $144 per share, an offer that Hillrom refused. 

Those familiar with the matter told the Journal a deal could be reached by midweek. 

Hillrom, which makes equipment such as hospital beds and patient monitoring devices, has a market capitalization of close to $9 billion, according to the Journal. Baxter is worth around $37 billion. 

A spokesperson for Hillrom told Becker's the company doesn't comment on market speculation. Becker's has also reached out to Baxter for comment and will update this story accordingly. 

Read the full article here

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars