Baxter International Inc. (BAX) is in advanced talks to buy Hill-Rom Holdings Inc. (HRC) for about $150 per share, valuing the medical-equipment maker at about $10 billion, the Wall Street Journal reported citing people familiar with the matter.
A deal could be reached by midweek assuming the talks don't fall apart, the Journal reported.
The talks follow an earlier bid from Baxter worth $144 per hare that Hill-Rom rebuffed.
Hill-Rom offers services including smart beds for patients, diagnostics and monitoring technologies.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.