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 […]
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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 […]
Hill-Rom’s Q4, 2018 beat estimates
Hill-Rom Holdings (NYSE:HRC) shares gained today after the medical device company put up fiscal fourth-quarter and full-year numbers that beat the consensus estimates. The Chicago-based company posted profits of $90.4 million, or $1.33 per share, on sales of $759.2 million for the three months ended Sept. 30, amounting to a bottom-line gain of 30.3% on […]
Hill-Rom shares down despite Q3 EPS, sales beat
Shares in Hill-Rom Holdings (NYSE:HRC) have fallen slightly today despite the medical device maker beating expectations on Wall Street with its fiscal year 2018 third quarter earnings results. The Chicago-based company posted profits of $45.2 million, or 67¢ per share, on sales of $708.6 million for the three months ended June 30, seeing a massive 693% […]
Hill-Rom opens new Central N.Y.-based Welch Allyn facility
Hill-Rom Holdings (NYSE:HRC) last Friday opened its recently built Skaneateles Falls, N.Y. location, which will serve as expansion space for its Welch Allyn division. The newly opened 100,000-square-foot Central New York facility will allow the Batesville, Ind.-based company to add a number of new positions, including R&D and engineering roles, as well as allowing for expansion […]
Aegea Medical picks up former Cardiokinetix, Concentric Medical CEO Sainz | Personnel Moves – May 14, 2018
Aegea Medical said last week it tapped former Cardiokinetix prez & CEO Maria Sainz as its new president and chief executive officer, effective immediately. Sainz will replace former CEO Don Gurskis, who has held the corner office since 2013. Gurskis will remain on as member of the Redwood City, Calif.-based company’s executive management team. “Maria is […]
Siemens Healthineers and Hill-Rom team up to provide diabetes tools to primary care providers
Siemens Healthineers (NYSE:SI) and Hill-Rom (NYSE:HRC) inked a co-marketing agreement to provide an array of point-of-care diagnostic instruments for diabetes to primary healthcare providers in the U.S. The offering is slated to include Siemens’ DCA Vantage Analyzer for HbA1c testing, the Clinitek Status+ Urine Chemistry Analyzer for kidney testing and Hill-Rom’s Welch Allyn RetinaVue Network and imaging tech […]
Profits slide for Hill-Rom as it names Bard vet Groetelaars CEO
Hill-Rom Holdings (NYSE:HRC) said today that it’s naming C.R. Bard veteran John Groetelaars to be its new chief executive, effective May 14, as it reported a fiscal second-quarter profit slide on results that still managed to top the consensus. Groetelaars is succeeding John Greisch, who in January announced his plans to retire by the fiscal third quarter. His […]
Hill-Rom to sell 3rd party rental biz to Universal Hospital Services
Hill-Rom Holdings (NYSE:HRC) said today it inked a deal to sell its third-party rental business to Minneapolis, Minn.-based Universal Hospital Services for an undisclosed amount. Under the deal, which is expected to close during Hill-Rom’s fiscal third quarter, Hill-Rom will transfer certain moveable medical equipment to UHS to be rented to customers. The third-party rental business […]