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Baxter To Acquire Hillrom, Expanding Connected Care And Medical Innovation Globally

Published: 09/02/2021 11:43 GMT
(HRC) - Baxter to Acquire Hillrom, Expanding Connected Care and Medical Innovation Globally.
Baxter International Inc - Transaction Valued at $156.00 per Hillrom Share for an All-cash Purchase Price of $10.5 Billion.
Baxter International Inc - Total Equity Value of Approximately $10.5 Billion and a Total Enterprise Value of Approximately $12.4 Billion.
Baxter to Acquire Hillrom, Expanding Connected Care and Medical Innovation Globally.
Baxter International Inc - Baxter Has Agreed to Acquire Hillrom for $156.00 per Share.
Baxter International Inc - Baxter Expects Combination to Result in Approximately $250 Million of Annual Pre-tax Cost Synergies by End of Year Three.
Baxter International Inc - Boards of Directors of Both Companies Have Unanimously Approved Acquisition.
Baxter International Inc - Expects Sales to Grow 4-5%, Compounded Annually From 2021 to 2024.
Baxter International Inc - Transaction is Expected to Be Low Double-digit Accretive to Baxter's Adjusted EPS in First Full Year Post Close.
Baxter International Inc - Baxter Standalone Guidance Does Not Reflect Any Impact From Proposed Acquisition.
Baxter International Inc - Deal Expected to Expand Baxter's Overall Adjusted EBITDA Margins Over Medium-term.
Baxter International Inc - Will Finance Transaction Through a Combination of Cash and Fully Committed Debt Financing.
Baxter International Inc - Will Also Assume Hillrom's Outstanding Debt and Cash.