# Baxter to acquire Hillrom for $10.5 billion

Baxter International Inc. has agreed to acquire Hillrom for $156.00 per share in cash, for a total equity value of approximately $10.5 billion and total enterprise value of approximately $12.4 billion. The deal aims to expand connected care and medical innovation globally.

- Type: Acquisition
- Announced: 2021-09-02
- Where: Deerfield, Illinois and Chicago, United States
- Value: $10.5B
- Status: announced
- Products: medical products, connected care solutions
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Baxter International](https://endata.com/companies/20761.md) (acquirer)
- [Hill-Rom Holdings, Inc.](https://endata.com/companies/21349.md) (target)
- [Hillrom](https://endata.com/companies/40245.md) (target)

## Sources

- [investor.baxter.com](https://investor.baxter.com/investors/events-and-news/news/press-release-details/2021/Baxter-to-Acquire-Hillrom-Expanding-Connected-Care-and-Medical-Innovation-Globally/default.aspx), 2021-09-02: "Baxter and Hillrom share a common vision for transforming healthcare to better serve all patients and providers."
- [reuters.com](https://www.reuters.com/business/healthcare-pharmaceuticals/medtech-firm-baxter-buy-hospital-bed-maker-hill-rom-105-bln-2021-09-02/), 2021-09-02: "U.S. medtech firm Baxter International Inc said on Thursday it would buy rival Hill-Rom Holdings Inc for $10.5 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.