Hill-Rom to Buy Welch Allyn for $2.05 Billion

hill-rom-logoHill-Rom Holdings Inc. said Wednesday that it has agreed to buy privately held Welch Allyn Inc. for about $2.05 billion in cash and stock, adding diagnostics to the medical company’s portfolio.

Chicago-based Hill-Rom provides wound care, surgical safety and respiratory health products, among other items. Welch Allyn, Skaneateles Falls, N.Y., makes medical-diagnostic equipment. The combined company will have $2.6 billion in revenue and a portfolio of diagnostics, sensing and patient monitoring technologies.

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About Peter Coffaro 1436 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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