U.S.-based medical technology company Baxter International Inc is nearing a deal to buy medical equipment maker Hill-Rom Holdings Inc for more than $10 billion, a person familiar with the matter said on Monday.
A deal could value Hill-Rom at around $156 per share and could be announced later this week, the source said. The Wall Street Journal, which first reported on the deal, said the acquisition could be for $150 per share.
Baxter and Hill-Rom did not respond when contacted by Reuters for comment.
Hill-Rom, founded in 1915, offers services including smart beds for patients, diagnostics and monitoring technologies, according to the company’s website.
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