Hill-Rom Holdings Inc. said Wednesday that it has agreed to buy privately held Welch Allyn Inc. for about $2.05 billion in cash and stock, adding diagnostics to the medical company’s portfolio. Chicago-based Hill-Rom provides wound care, surgical safety and respiratory health products, among other items. Welch Allyn, Skaneateles Falls, N.Y., makes medical-diagnostic equipment. The combined company will have $2.6 billion in revenue and a portfolio of diagnostics, sensing and patient monitoring technologies. Under the terms of the deal, Welch Allyn shareholders will receive about $1.6 billion in cash and about 8.1 million newly issued shares of Hill-Rom stock. After the deal closes, expected by the end of September, Welch Allyn shareholders will have a 13% stake in the combined company.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.