S&C Advising Baxter in $12.4 Billion Acquisition of Hillrom

September 2, 2021

Baxter International Inc. has agreed to acquire Hillrom for a total enterprise value of $12.4 billion, including the assumption of debt. Hillrom is a global medical technology company that offers digital and connected care solutions and collaboration tools, including smart bed systems, patient monitoring and diagnostic technologies, respiratory health devices, and advanced equipment for the surgical needs. The deal, announced September 2, will enable Baxter to provide a broader array of medical products and services to patients and clinicians and accelerate the companies' expansion into digital and connected care solutions.
The S&C team advising Baxter includes Frank Aquila and Melissa Sawyer. Ari Blaut is advising on finance matters. Davis Wang is advising on tax matters. Mehdi Ansari and Mark Schenkel are advising on intellectual property matters. Heather Coleman and Kristen Klein are advising on executive compensation matters. Renata Hesse, Michael Rosenthal and Pierre Moullet are advising on antitrust matters. Matthew Brennan is advising on environmental matters.