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 […]
Welch Allyn
7 medtech stories we missed this week: Oct. 20, 2017
From InspireMD’s distribution deal to RenalGuard touting a new study, here are seven medtech stories we missed this week but thought were still worth a mention. 1. InspireMD inks Chile distribution deal InspireMD announced in an Oct. 12 press release that it has signed a distribution deal with CorpMedical Chile to distribute the MGuard Prime […]
Hill-Rom slides on Q2 revenues miss
Hill-Rom (NYSE:HRC) shares took a hit today after the company reported that fiscal 2nd-quarter sales missed expectations despite the contribution of new acquisition Welch Allyn. Chicago-based Hill-Rom said profits were $22.3 million, or 33¢ per share, on sales of $632.6 million for the 3 months ended March 31, for a -14.6% bottom-line slide on sales growth […]
Hill-Rom raises outlook after $2B Welch Allyn buy
Hill-Rom Holdings (NYSE:HRC) today raised its earnings outlook for its fiscal 4th quarter and full year 2015, a little more than 2 weeks after closing its $2.05 billion acquisition of Welch Allyn. Chicago-based Hill-Rom said it now expects adjusted 4th-quarter EPS of 80¢ to 82¢, up from prior guidance of 76¢ to 79¢. Full-year adjusted EPS are now pegged at $2.55 […]
Hill-Rom closes $2B Welch Allyn buy
Hill-Rom Holdings (NYSE:HRC) yesterday said it closed its $2.05 billion cash-and-stock acquisition of Welch Allyn, sending the latter $1.63 billion in cash and some 8.1 million shares of new HRC stock. The deal leaves privately owned Welch Allyn’s shareholders owning a 13% stake in Hill-Rom. Hill-Rom floated a $425 million debt round to help finance the buyout of Skaneateles Falls, […]
Hill-Rom floats $425m debt offering for Welch-Allyn buy
Hill-Rom Holdings launched a $425 million round of debt financing to support its pending $2.05 billion purchase of Welch Allyn and its portfolio of point-of-care diagnostic devices, according to an SEC filing. The cash-and-stock deal is slated to leave privately owned Welch Allyn’s shareholders owning a 13% stake in Hill-Rom. The deal calls for Chicago-based Hill-Rom to pay $1.625 […]
U.S. anti-trust regulators OK Hill-Rom’s $2B Welch Allyn buy
Hill-Rom Holdings (NYSE:HRC) said today that U.S. anti-trust regulators approved its pending, $2.05 billion acquisition of Welch Allyn and its portfolio of point-of-care diagnostic devices. The cash-and-stock deal is slated to leave privately owned Welch Allyn’s shareholders owning a 13% stake in Hill-Rom. The deal, expected to close by the end of September, calls for Chicago-based Hill-Rom to pay $1.625 […]
Hill-Rom to pay $2B for Welch Allyn
Hill-Rom Holdings (NYSE:HRC) said today that it agreed to pay more than $2 billion to acquire point-of-care diagnostic device maker Welch Allyn in a cash-and-stock deal that will leave privately owned Welch Allyn’s shareholders owning a 13% stake in Hill-Rom. The deal, expected to close by the end of September, calls for Chicago-based Hill-Rom to pay $1.625 billion and […]