NEW YORK: U.S.-based medical technology company Baxter International Inc is in advanced talks to buy medical equipment maker Hill-Rom Holdings Inc for about US$10 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
A takeover deal could value Hill-Rom at around $150 per share, the report https://on.wsj.com/2WEA44h said, adding the deal could be reached by midweek if the talks do not fall apart.
Hill-Rom, founded in 1915, offers services including smart beds for patients, diagnostics and monitoring technologies, according to the company’s website.
Baxter and Hill-Rom did not immediately respond when contacted by Reuters for comment.- Reuters
