BATESVILLE, Ind., September 8, 2011 -- Hill-Rom Holdings, Inc., (NYSE:HRC) today announced the approximately $20 million acquisition of Liko France, SAS, Item SA and Liko Care AG, the distribution companies for Hill-Rom's Liko patient mobility products in France and Switzerland. Hill-Rom, the global leader in patient support solutions, expanded its patient mobility product offering with the 2008 acquisition of Liko, A.B., a leading provider of patient lift systems. Last year, Hill-Rom reorganized its regional operations to more directly serve its patients' and customers' needs. Today's acquisition is another step in Hill-Rom's strategy for international expansion, leveraging and increasing its direct channel presence, especially in key European markets.
"We are focused on global expansion and are firmly committed to delivering outstanding patient mobility solutions," said Alejandro Infante, Senior Vice President and President, International for Hill-Rom. "This acquisition furthers those goals, while growing our key channel presence in Europe." Hill-Rom expects the acquisition to add approximately $15 million of annual revenue.
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 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.
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