Hill-Rom to buy Welch Allyn for $2.05B

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Hill-Rom Holdings Inc. said it will acquire New York-based manufacturer Welch Allyn for $2.05 billion in cash and stock.

Welch Allyn shareholders will receive $1.625 billion in cash and approximately 8.1 million newly-issued shares of Hill-Rom common stock.

The transaction is expected to close at the end of September 2015. At that time, around 75 Welch Allyn shareholders will own approximately 13% of the combined company.

Through the acquisition of Welch Allyn, “Hill-Rom expects to play an even greater role in improving patient care globally and achieving greater levels of efficiency and reducing healthcare costs for its customers,” the company said.