This article was originally published in The Gray Sheet
Executive SummaryBatesville, Indiana hospital bed maker signs agreement in principle to purchase 25.7% equity position in L&C Arnold AG, a privately held Schorndorf/Kempen, Germany-based manufacturer of hospital and nursing home beds, patient room furniture, screws and fasteners. As part of the agreement, both Hill-Rom, a subsidiary of Hillenbrand Industries, and Arnold "will cooperate in research and product development as well as marketing and distribution," according to a June 14 press release. Details of the plan, as well as the terms and conditions of the cash deal, were not disclosed.
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