The talks are in early stages, and there’s no guarantee a deal will be reached, the Journal reported July 28.
Any deal reached would be fairly substantial, as Hillrom has a market value of roughly $8 billion, according to the Journal. Baxter, based in Deerfield, Ill., has a market value of approximately $41 billion.
People familiar with the matter told the Journal that Hillrom already has refused a $144-per-share offer from Baxter.
Chicago-based Hillrom makes medical equipment, including hospital beds and patient-monitoring devices.
Becker’s Hospital Review has reached out to both Baxter and Hillrom for comment and will update this story accordingly.
Read the full article here.
