Baxter Plans To ‘Transform Health Care’ By Acquiring Hillrom For $12.4Bn
Baxter’s management justified the deal by emphasizing the potential cost synergies and shared commitment to digital health innovation.
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The company reported in October that it was reviewing its portfolio and would offer more details on its future plans in January. Wells Fargo analysts expect Baxter to split its fast-growing connected care business from its lower-margin hospital-based therapeutics products.
Radiofrequencies emitted by the WatchCare incontinence management system may cause other nearby devices to go haywire.
Bloomberg reported that Baxter is exploring options to divest its renal care services and hemodialysis businesses to focus more resources on higher-growth businesses and pay down the debt it took on to acquire Hillrom last year.