Baxter In Advanced Talks To Buy Hill-Rom For About $10 Bln : Report

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The five-day holiday shopping period from Thanksgiving Day through Cyber Monday saw about 180 million Americans making in-store and online purchases, according to the National Retail Federation's Annual Thanksgiving Weekend Consumer Survey, conducted by Prosper Insights & Analytics. The shoppers spent an average of $301.27 on holiday-related purchases such as gifts, décor, apparel and toys. Biopharmaceutical company Immunome, Inc. (IMNM) announced Wednesday that it has conducted an assessment of the reported mutations in the new SARS-CoV-2 variant, Omicron (B.1.1.529). Based upon structural mapping of those mutations and activity against previous and current CDC variants of concern,... CVS Health said it has installed time delay safe technology in all 392 Illinois CVS Pharmacy locations, including those in Target stores, to help reduce organized retail crime. The installation of new safes for controlled substances are anticipated to help prevent pharmacy robberies. There is also potential for associated diversion of controlled substance medications, including opioid medications.
Follow RTT