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The transaction is expected to close by early 2022 subject to the approval of Hill-Rom (HRC) shareholders and the fulfillment of customary closing conditions. Hill-Rom (HRC) Agrees to Get Acquired ...
Hillrom is a wholly owned subsidiary of Baxter and was formally part of Hill-Rom Holdings, Inc., which was formerly a part of Hillenbrand Industries until that company split its medical equipment division from their casket business in 2008. [3] Their headquarters are in Chicago, Illinois. [3] John Groetelaars was the President and CEO. [4]
In September 2021, Baxter announced it would acquire Hill-rom for $12.4 billion. [29] The acquisition was completed in December 2021 for $12.5 billion. [ 30 ] [ 31 ]
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