Acquisition: Hill-Rom bolsters surgical footprint with $400M buyout of Aspen Surgical

Thu, 07/26/2012 - 1:06pm
Mass Device

Hill-Rom closes a $400 million acquisition of Aspen Surgical Products, hoping to extend its reach in North American and European surgical markets.

mergers and acquisitions

Hill-Rom Holdings (NYSE:HRC) closed a $400 million acquisition of Michigan-based Aspen Surgical Products, the companies announced yesterday.

The merger bolsters Hill-Rom's footprint in surgical devices with Aspen's safety scalpels and blades, fluid collection products, specialty needs and other operating room disposables and instruments.

"With the addition of Aspen Surgical, Hill-Rom is well positioned for growth and geographic expansion in our surgical business, particularly in the safety product segments," president & CEO John Greisch said in prepared remarks. "This acquisition further expands our global portfolio beyond our core franchise with a business that is immediately accretive to earnings per share and adds recurring revenue to our existing surgical platform."


Share this Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.