Hill-Rom Holdings (NYSE:HRC) said it closed the $250 million cash buyout of the operating room infrastructure arm of Germany’s Trumpf Group.
Hill-Rom said the deal more than doubles the size of its existing surgical platform. Trumpf Medical, which makes OR items including surgical tables, surgical lighting and supply units, posted revenues of about $250 million during the last 12 months.
The company agreed in June to pay $250 million for Trumpf Medical and its line of surgical tables, surgical lighting and supply units.
"We are excited to officially welcome our Trumpf Medical colleagues to the Hill-Rom family," Hill-Rom president & CEO John Greisch said in prepared remarks. "Our companies share similar legacies of innovation, quality and employees who are passionate about enhancing outcomes for patients and caregivers. We look forward to investing in the strong reputation that the Trumpf Medical team has built by expanding the presence of their exceptional products around the world."
Hill-Rom has said that it expects the acquisition to add roughly 12¢-15¢ per share to its adjusted earnings during fiscal 2015.
