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Home > Market Research > Medical Devices > Hill-Rom Medical Device Company Intelligence Report
Medical Device Company Intelligence Reports provide a full review of the company's activities, from its origins to its latest corporate activity, including mergers and acquisitions, agreements, divestitures, major purchasing contracts and litigation. Sections are included on products, international activities and R&D, as well as a full, in-depth five year financial analysis. An introduction to each report and a full table of contents is provided for review. More than 60 Medical Device Company Intelligence Reports are currently available.
Headquartered in Batesville, Indiana, USA, Hill-Rom is a leading manufacturer and provider of patient support systems, non-invasive therapeutic products for acute and chronic medical conditions, medical equipment rentals and workflow IT products. Its portfolio includes beds, therapy surfaces, stretchers, healthcare furniture, communication systems, surgical columns, modular headwalls and devices to treat deep vein thrombosis and respiratory problems. It is also a provider of medical equipment outsourcing and asset management services. Hill-Rom’s products and services are used in hospitals, extended care facilities and the home.
The company provides peak-need rentals and full-hospital asset management for a variety of moveable medical equipment (MME) such as ventilators, infusion pumps and monitoring equipment. Hill-Rom’s medical equipment rental and service business also includes equipment service contracts for its capital equipment. The company provides these products and services primarily to acute and extended healthcare facilities through a network of over 250 service centres and over 1,600 service professionals in the US, Canada and Europe. Hill-Rom’s asset management services are offered through various business models to hospitals.
Approximately 10% of Hill-Rom’s revenue was derived from MME and asset management services products and services in fiscal 2007. Its key product line is its range pf patient support systems such as beds, mattresses, communications products and patient room furniture, accounting for 60% of its sales. In addition, non-invasive therapeutic products represented 24% of revenue and healthcare IT products 6%.
Until 1st April 2008, Hill-Rom was the healthcare division of Hillenbrand Industries, a holding company which also included the Batesville Casket funeral services unit. However, Hillenbrand has now been separated into two independent publicly-traded companies, each positioned to capitalise on growth opportunities in their respective markets. The move was accomplished by Hillenbrand spinning-off its Batesville Casket operations which were renamed Batesville Holdings and distributing to its shareholders of the common stock of Batesville Holdings held by the company. After the close of business on 31st March 2008, Hillenbrand distributed to each of its shareholders through a pro rata dividend one share of Batesville Holdings’ common stock for each share of the company’s common stock held at the close of business on 24th March 2008. After the distribution, the company changed its name to Hill-Rom Holdings Inc and Batesville Holdings changed its name to Hillenbrand Inc. The Hill-Rom name is well-recognised in the healthcare industry, while Hillenbrand is associated with funeral services. The newly-renamed Hill-Rom now trades on the New York Stock Exchange using the symbol, HRC.
By operating independently, the new Hill-Rom and Hillenbrand companies can adopt a more appropriate capital structure to allow them to better execute their business plans. The separation also allows each company to use its own equity for strategic purposes. As two focused companies, Hill-Rom and Hillenbrand may also be better positioned for investors looking for specific industry, valuation, yield and growth profiles. This rationale has recently been used by other companies to transform their operations, including Tyco, which spun-off its healthcare division into Covidien in 2007, while Agfa is also currently undergoing a phased demeger that should see its healthcare operations become an independent company during 2008.
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Table of Contents
Overview, Strategic Focus, Products, Research And Development, International Activities, Financial Indicators, Key Corporate Events, Mergers & Acquisitions, Divestitures, Agreements, Litigation
For full details, please email keithw@cmsinfo.com
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