Mortara Instrument founder and electrocardiogram innovator Dr. David Mortara donated $25 million to the University of California San Francisco’s School of Nursing to support research looking to reduce “alarm fatigue” and improve patient care and safety. The contribution, which UCSF said is the largest to date for the school, will support the creation of a new […]
Hill-Rom plans $300m private offering to fund Mortara acquisition
Hill-Rom (NYSE:HRC) today announced a $300 million private placement with net proceeds to fund its acquisition of Mortara Instrument. The Chicago-based company said it will be selling senior unsecured notes due 2025 during the round, which will be guaranteed on a senior unsecured basis by current and future Hill-Rom subsidiaries. Funds raised in the private placement […]
Hill-Rom to pay $330m for Mortara Instrument
Hill-Rom (NYSE:HRC) said today that it agreed to put up $300 million for Mortara Instrument and its line of diagnostic cardiology and patient monitoring devices, not including a $40 million “tax benefit” the company expects to gain by structuring the buyout a certain way. Milwaukee-based Mortara makes an eponymous line of cardiac monitoring devices, plus the Quinton […]
Medtech M&A Madness | Wall Street Beat
