Hill-Rom To Acquire Mortara Instrument, Inc., A Leader In Diagnostic Cardiology And Patient Monitoring Technology
CHICAGO and MILWAUKEE, Jan. 10, 2017 - Hill-Rom Holdings, Inc. ("Hill-Rom") (NYSE: HRC), today announced that it has signed a definitive agreement to acquire Mortara Instrument, Inc. ("Mortara"), a privately held leader in diagnostic cardiology and patient monitoring solutions, technologies and devices, for $330 million in cash. Hill-Rom anticipates the structure of the acquisition will allow the company to qualify for a significant tax benefit, which at a net present value of approximately $40 million reduces the effective purchase price to approximately $290 million.
Hill-Rom Announces Preliminary Fiscal First Quarter Financial Results And Reaffirms 2017 Full-year Adjusted Earnings Guidance
CHICAGO, Jan. 10, 2017 - Hill-Rom Holdings, Inc. ("Hill-Rom") (NYSE: HRC) is providing preliminary financial results for its fiscal first quarter ending December 31, 2016, in conjunction with its presentation at the 2017 J.P. Morgan Healthcare Conference today at 11:00 a.m. Pacific Time. For the quarter, Hill-Rom expects adjusted earnings to be at the lower end of its previously-issued guidance of $0.75 to $0.77 per diluted share. Hill-Rom is also reaffirming its 2017 full-year adjusted earnings guidance of $3.74 to $3.82 per diluted share, as provided in its fourth quarter 2016 earnings announcement.
Hill-Rom Holdings, Inc., Nominates Mary Garrett and Nancy M. Schlichting To Stand for Election to Its Board of Directors
CHICAGO, Jan. 5, 2017 - The board of directors of Hill-Rom Holdings, Inc., (NYSE: HRC) ("Hill-Rom") has nominated Mary Garrett and Nancy M. Schlichting to stand for election as directors at the company's Annual Meeting of Shareholders on March 14, 2017. Separately, Hill-Rom is announcing that current board member Eduardo R. Menascé has informed the board of his intent to retire, concurrent with the Annual Meeting of Shareholders on March 14, 2017.
CHICAGO, Dec. 20, 2016 - Hill-Rom Holdings, Inc., (NYSE: HRC) announced today that management will present at the 35th Annual J.P. Morgan Healthcare Conference on Tuesday, January 10, 2017 at 11:00am PST in San Francisco. The live audio webcast of the presentation can be accessed at http://ir.hill-rom.com/events.cfm. A recorded replay will be available one hour after conclusion of the live event through March 11, 2017.
CHICAGO, Dec. 15, 2016 - Hill-Rom Holdings, Inc., (NYSE: HRC) will host its fiscal first quarter 2017 earnings conference call and webcast on Friday, January 27, 2017, beginning at 8:30 a.m. (ET).