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. 

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