Pharma BD Deal Intelligence

Baxter International Inc. / Hillrom Holdings Inc.

2021 · Acquisition/Merger · $12.4B · Complete

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Top 25 largest deals of the 2020s

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Sep 02, 2021 Baxter International Bullish

Baxter agreed to acquire Hillrom for $156 per share in cash, with a total enterprise value of approximately $12.4 billion including assumed debt.

Dec 14, 2021 MedTech Dive Neutral

Baxter International finalized its $10.5 billion acquisition of Hillrom Holdings, combining two major medical device manufacturers in a significant industry…

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Baxter International acquired Hillrom for $156 per share in cash for total equity value of approximately $10.5 billion and enterprise value of approximately $12.4 billion. The deal expanded Baxter's digital health and connected care offerings.

Key facts

Related deals — scored

DealYearValueOutcome
Baxter International Inc. / Hillrom Holdings Inc. (this deal)2021$12.4B48
Baxter International Inc. / ESI Lederle (Wyeth generic injectable business)2002$316M33
Thermo Fisher Scientific Inc. / Life Technologies Corporation2013$15.1B84
Merck KGaA / Sigma-Aldrich Corporation2014$17.0B80
Becton, Dickinson and Company / C.R. Bard Inc.2017$24.0B77
Johnson & Johnson / Synthes Inc.2011$19.7B77
Thermo Fisher Scientific Inc. / PPD Inc.2021$17.4B77

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