Hill-Rom spent $400 million to purchase Michigan-based Aspen Surgical, the developer of Bard-Parker conventional and safety scalpels and blades, Colby fluid collection products, Richard-Allan specialty needles and other operating room disposables, instrument care products and wound care dressings.
“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,” said John J. Greisch, president and CEO of Hill-Rom, in the release. “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.”
Hill-Rom is headquartered in Batesville, Ind.
Related Articles on Company Acquisitions:
Medifocus Completes Acquisition of Boston Scientific Benign Prostatic Hyperplasia Business
Owens & Minor to Acquire Movianto Group From Celesio AG
Teleflex Acquires Hotspur Technologies
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.