BATESVILLE, Ind., Feb. 14, 2012 /PRNewswire/ -- Hill-Rom
Holdings, Inc. (NYSE: HRC), a global leader in patient support
systems, today announced that it has completed its $85 million purchase of Germany-based Volker group. The completed
transaction is expected to strengthen Hill-Rom's channels and
product offerings in Europe and
around the world.
"The combined strength of Hill-Rom and Volker in innovation,
product portfolio and operational excellence further develops our
company's leadership position in key markets," said John J. Greisch, President and CEO of Hill-Rom.
"This is an important milestone and will enable us to expand the
presence of our exceptional products to an even greater number of
patients and caregivers globally."
The Volker portfolio of long-term and acute care bed frames,
surfaces and furniture is expected to complement and further
diversify Hill-Rom's strong portfolio of patient support systems
and other medical technologies.
Volker is a private company with annual revenues of
approximately $100 million in 2010.
As previously disclosed, Hill-Rom anticipates the transaction will
not have any impact on adjusted earnings per share in fiscal year
2012, but is expected to be accretive thereafter.
ABOUT HILL-ROM HOLDINGS, INC.
Hill-Rom is a leading worldwide manufacturer and provider of
medical technologies and related services for the health care
industry, including patient support systems, safe mobility and
handling solutions, non-invasive therapeutic products for a variety
of acute and chronic medical conditions, medical equipment rentals,
and information technology solutions. Hill-Rom's comprehensive
product and service offerings are used by health care providers
across the health care continuum and around the world in hospitals,
extended care facilities and home care settings to enhance the
safety and quality of patient care.
Hill-Rom...enhancing outcomes for patients and their
caregivers.
www.hill-rom.com
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this press release contain forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995, regarding the Company's future plans,
objectives, beliefs, expectations, representations and
projections. The Company has tried, wherever possible,
to identify these forward-looking statements using words such as
"intend," "anticipate," "believe," "plan," "encourage," "expect,"
"may," "goal," "become," "pursue," "estimate," "strategy," "will,"
"projection," "forecast," "continue," "accelerate," "promise,"
"increase," "higher," "lower," "reduce," "improve," "expand,"
"progress," "potential" or the negative of those terms or other
variations of them or by comparable terminology. The
absence of such terms, however, does not mean that the statement is
not forward-looking. It is important to note that
forward-looking statements are not guarantees of future
performance, and the Company's actual results could differ
materially from those set forth in any forward-looking
statements. Factors that could cause actual results to
differ from forward-looking statements include but are not limited
to: the Company's dependence on its relationships with several
large group purchasing organizations, whether the Company's new
products are successful in the marketplace, impacts of healthcare
reform, compliance with federal healthcare programs, collections of
accounts receivable, compliance with FDA regulations, potential
exposure to product liability or other claims, failure of the
Company's announced or future strategic initiatives and
restructuring and realignment activities to achieve expected
growth, efficiencies or cost reductions, failure of the Company to
execute its acquisition and business alliance strategy through the
consummation and successful integration of acquisitions or entry
into joint ventures or other business alliances, increased costs or
unavailability of raw materials, adverse changes in global economic
conditions or disruptions of credit markets, labor disruptions, the
ability to retain executive officers and other key personnel, and
certain tax-related matters. For a more in depth
discussion of these and other factors that could cause actual
results to differ from those contained in forward-looking
statements, see the discussions under the heading "Risk Factors" in
the Company's previously filed most recent Annual Report on Form
10-K and subsequent Quarterly Reports on Form 10-Q. The
Company assumes no obligation to update or revise any
forward-looking statements.
SOURCE Hill-Rom Holdings, Inc.