Baxter International Inc. announced Thursday that it reached a deal to buy Indiana-rooted Hill-Rom Holdings Inc. for about $10.5 billion.
Hill-Rom Holdings Inc., a medical-gear maker with heavy roots and a strong manufacturing presence in southeastern Indiana, could be acquired by Baxter International Inc., if advanced talks don’t fall apart, according to The Wall Street Journal.
The acquisition lets Hill-Rom, a maker of hospital supplies for wound care and respiratory health, delve further into the market for diagnostic supplies for physicians and emergency responders
Hill-Rom Holdings Inc. will eliminate about 350 jobs over the next two years as a cost-saving move after the maker of hospital equipment saw its profit grow slower than expected.
Hill-Rom Holdings Inc., a medical-equipment company based in Indiana, agreed Tuesday to pay nearly $42 million to settle a government lawsuit. The government had accused the company of knowingly submitting false claims to Medicare from 1999 to 2007.
The Batesville-based maker of hospital beds and furniture announced Wednesday night that it earned $30.6 million in its third quarter, up from $20.2 million in the same quarter of 2009.
The Batesville-based maker of hospital equipment reported profit of $26.4 million, or 42 cents per share, in the period ended