Hill-Rom's Proposed Acquisition of Welch Allyn Receives Antitrust Clearance
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CHICAGO –Â Hill-Rom Holdings, Inc. (NYSE: HRC) ("Hill-Rom") today announced that the U.S. Federal Trade Commission has granted early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), as amended, in connection with Hill-Rom's planned acquisition of Welch Allyn Holdings, Inc. ("Welch Allyn").
As previously announced on June 17, 2015, Hill-Rom and Welch Allyn have entered into a definitive merger 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. Hill-Rom continues to expect that the transaction will close before the end of September 2015, subject to other customary closing conditions.
About Hill-Rom Holdings, Inc.
Hill-Rom is a leading global medical technology company with approximately 8,000 employees worldwide. We partner with health care providers in more than 100 countries by focusing on patient care solutions that improve clinical and economic outcomes in five core areas: Advancing Mobility, Wound Care and Prevention, Clinical Workflow, Surgical Safety and Efficiency, and Respiratory Health. Hill-Rom's people, products, and programs work towards one mission: Every day, around the world, we enhance outcomes for patients and their caregivers.
About Welch Allyn, Inc.
Since 1915 Welch Allyn has brought a unique perspective to developing diagnostic solutions by combining pragmatic knowledge with a visionary spirit of innovation and ongoing improvement. As a leading global manufacturer of physical examination instruments and accessories and EMR-connected vital signs and cardiac monitoring solutions, the company has a steadfast commitment to delivering superlative medical products, services and solutions that help healthcare professionals provide better care for their patients. Welch Allyn is headquartered in Skaneateles Falls, N.Y. (USA) and employs nearly 2,600 people in 26 different countries. Visit www.welchallyn.com for more information.
Hill-Rom Contacts
Investor Relations
Blair A. (Andy) Rieth, Jr.
Vice President, Investor Relations
312-819-7259
andy.rieth@hill-rom.com
Media
Larry Baumann
Executive Director, Corporate Communications
312-819-7248
larry.baumann@hill-rom.com
Matt Sherman or Alyssa Cass
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
SOURCE Hill-Rom Holdings, Inc.