Hill-Rom To Acquire Welch Allyn Creating Global Leader In Patient Care Solutions
Wednesday, June 17, 2015
Two of the world's leading healthcare technology companies are joining forces to make possible the development of leading-edge solutions that will advance patient care around the world. Hill-Rom Holdings, Inc. (NYSE: HRC) ("Hill-Rom") and privately-held Welch Allyn, Inc. ("Welch Allyn") today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Hill-Rom will acquire Welch Allyn for approximately $2.05 billion in cash and stock. The two companies have nearly two centuries of medical device innovation between them and will combine their unique strengths to develop new technologies that enhance outcomes for patients and their caregivers.