Baxter (NYSE:BAX) announced today that it completed its previously announced $12.5 billion acquisition of Hillrom (NYSE:HRC). Deerfield, Illinois–based Baxter paid $156 in cash for each outstanding share of Hillrom common stock, totaling a purchase price of $10.5 billion. Adding in the assumption of Hillrom’s outstanding debt obligations, the transaction’s enterprise value comes to approximately $12.5 billion. That purchase price reflects a 26% premium to Hillrom’s closing stock price on July 27, 2021, the last trading day before media reports speculating on the potential transaction, as the companies had previously confirmed when they announced acquisition plans in September. When Hillrom announced its fourth-quarter earnings results, the company said the merger remained on track to close in 2022, but the completion has come a few weeks before the new year.
TALLAHASSEE, FL – Advanced Manufacturing International (AMI) has been awarded a $2M grant