Equity Analysis /
United States of America

US : Hill-Rom Holdings, Inc. - HRC | Acquisition of BardyDx Expands Hillrom's Cardiac Monitoring Business Into Higher Growth Market

    CGS-CIMB
    19 January 2021
    Published byCGS-CIMB

    Recommendation: We maintain our Outperform rating. This morning, Hillrom announced the acquisition of privately-held Bardy Diagnostics for an upfront cash consideration of $375M. Bardy Diagnostics is the number two competitor (with $30M in revenues) in the high growth long-term Holter cardiology mo