Hillrom deals surgical consumables biz to Audax for $170m


2019-07-12 10:00:00 Mass Device


Hillrom said today that it inked a deal to sell its surgical consumables business to private equity shop Audax for $170 million in cash. Chicago-based Hillrom, fresh from a May rebranding, said the lines being sold to Audax include its Bard-Parker scalpels and blades and other operating room accessories. The surgical consumable unit’s 500 employees are slated to stay with the business after the deal’s expected close during Hillrom’s fiscal fourth quarter 2019 ending Sept. 30. “The sale of these surgical products will strengthen our ability to focus our resources across our portfolio as we continue to build a differentiated suite of connected solutions for patients and caregivers,” president & CEO John Groetelaars said in prepared remarks. “This transaction underscores our strategic focus on high-growth, high-margin categories where Hillrom can demonstrate leadership and supports our commitment to deliver on our promise of advancing connected care. “We are grateful to our teams in Caledonia, Mich., Las Piedras, Puerto Rico, and in the field for their dedication to our customers and to the company, and we are confident they will thrive under Audax ownership,” Groetelaars said. Hillrom said the business is expected to put up adjusted earnings per share of 20¢ on $100 million in sales during fiscal 2019.
Hillrom 今天表示,它已与私人股本公司 Audax 达成协议,以1.7亿美元现金将其外科耗材业务出售给后者。 总部位于芝加哥的 Hillrom ,从五月的重新命名,表示出售给 Audax 的线路包括其 Bard-Parker 手术刀和刀片和其他手术室配件。手术耗材部门的500名员工计划留在业务部门,此前预计这笔交易将在 Hillrom 财年第四季度(2019年9月30日)完成。 总裁兼首席执行官 John Groetelaars 在准备好的讲话中表示:“这些手术产品的销售将加强我们将资源集中到我们整个产品组合中的能力,因为我们将继续为患者和护理人员构建一套不同的连接解决方案。”“这笔交易突显出我们对高增长、高利润类别的战略重点,在这些类别中, Hillrom 能够展现领导力,并支持我们实现推进联网医疗的承诺。 “我们感谢我们在密歇根州喀里多尼亚的团队。Groetelaars 说:“我们相信,他们将在 Audax 的所有权下茁壮成长。” Hillrom 表示,预计该公司在2019财年的销售收入为1亿美元,经调整后的每股收益为20%.