Hillrom (NYSE:HRC) said today that it has launched a planned private offering of more than $400 million in senior unsecured notes. The Chicago-based medtech company said it intends to use the proceeds from the $425 million offering, along with available cash, to redeem its outstanding 5.75% senior notes due in 2023, including the payment of related […]
Hillrom to pay $130m for Breathe Technologies as fiscal Q3 numbers top forecast
Hillrom (NYSE:HRC) said today that it agreed to pay $130 million in cash for Breathe Technologies and posted fiscal third-quarter numbers that topped the consensus on Wall Street. Irvine, Calif.-based Breathe Technologies developed the Life2000 ventilation system, a wearable, non-invasive mechanical ventilation device for patients with chronic obstructive pulmonary disease, interstitial lung disease, restrictive thoracic […]
Hillrom deals surgical consumables biz to Audax for $170m
Hillrom (NYSE:HRC) said today that it inked a deal to sell its surgical consumables business to private equity shop Audax for $170 million in cash. Chicago-based Hillrom, fresh from a May rebranding, said the lines being sold to Audax include its Bard-Parker scalpels and blades and other operating room accessories. The surgical consumable unit’s 500 […]
Hillrom’s Welch Allyn wins $100m Defense contract
Hillrom (NYSE:HRC) subsidiary Welch Allyn won a Pentagon contract worth $100 million for patient monitoring equipment, the U.S. Defense Dept. said yesterday. Skaneateles Falls, N.Y.-based Welch Allyn beat out 35 other outfits to win the five-year contract, which has a single five-year option after June 24, 2024, the Pentagon said. The contract covers the Army, Navy, Air […]
Hill-Rom rebrands as Hillrom
CORRECTION May 28, 2019, reflecting the plans for the Welch Allyn and Voalte brands. Hill-Rom (NYSE:HRC) said today that it’s adjusting its brand under a new logo, aiming to emphasize its focus on the digital health space. The new Hillrom moniker and refreshed logo reflect the company’s “strong and growing capabilities in connected devices, advanced analytics […]
Report: Healthcare CEO pay balloons to $2.6B, quality of care not a factor in bonuses
Healthcare chief execs at 177 top companies collectively saw their compensation grow to $2.6 billion last year while quality of care and improvements to healthcare spending remained at most a marginal factor to their pay, according to an Axios analysis. Despite a focus on pharmaceutical CEOs, medical device company chief execs were five of the […]
Hill-Rom shares rise on Street-beating Q2 earnings
Shares in Hill-Rom Holdings (NYSE:HRC) are rising this morning after the medical device maker topped expectations on Wall Street with its second quarter fiscal year 2019 earnings results. The Chicago-based company posted profits of $49.5 million, or 74¢ per share, on sales of $714.2 million for the three months ended March 31, seeing profits grow 73.7% […]
Hill-Rom to acquire Voalte for $195m
Hill-Rom Holdings (NYSE:HRC) said yesterday that it inked a deal to acquire mobile healthcare communications developer Voalte in a deal worth up to $195 million. Through the deal, Chicago-based Hill-Rom will pay a cash consideration of $180 million and up to an additional $15 million in milestone-based payments. Hill-Rom said that the acquisition of Sarasota, Fla.-based […]
Hill-Rom’s fiscal Q2 results beat estimates
Hill-Rom Holdings (NYSE:HRC) today reported fiscal second-quarter results that beat the consensus forecast on Wall Street. The Chicago-based company posted profits of $42.2 million, or 62¢ per share, on sales of $683.5 million for the three months ended Dec. 31, 2018. Adjusted to exclude one-time items, earnings per share were $1.04, 4¢ ahead of The […]
Hill-Rom gets in on $39m round for EarlySense
Hill-Rom (NYSE:HRC) and Wells Fargo Strategic Capital (NYSE:WFC) led a $39 million funding round for EarlySense and its contact-free patient monitoring technology, the Israeli company said today. Other participants in the round included BlueRed Capital, the Israel Innovation Fund, Argos Capital and Hotung Capital and existing investors Pitango Venture Capital and JK&B Venture Capital. “Millions of beds worldwide require […]
Senseonics CFO Elsey to retire | Personnel Moves – December 4, 2018
Senseonics (NYSE:SENS) said yesterday that its CFO R. Elsey is retiring for the company, and that it has begun searching for a permanent replacement. The Germantown, Md.-based company said that Elsey will stay on until a replacement is appointed, and remain on in an advisory role through to the completion of the company’s 2018 fiscal […]
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