Baxter International Inc. (BAX) has agreed to acquire Hillrom (HRC) for $156.00 per share in cash for a total equity value of approximately $10.5 billion. Baxter will also assume Hillrom's outstanding debt and cash, for a total enterprise value of $12.4 billion. The deal is anticipated to close by early 2022.
Baxter expects the merger to result in approximately $250 million of annual pre-tax cost synergies by the end of year three. The acquisition is projected to be low double-digit accretive to Baxter's adjusted earnings per share in the first full year post close, increasing to more than 20% by year three.
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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.