U.S. markets close in 4 hours 44 minutes
  • S&P 500

    3,819.19
    +68.42 (+1.82%)
     
  • Dow 30

    30,890.08
    +586.91 (+1.94%)
     
  • Nasdaq

    13,435.80
    +165.20 (+1.24%)
     
  • Russell 2000

    2,118.60
    +9.91 (+0.47%)
     
  • Crude Oil

    52.65
    -0.20 (-0.38%)
     
  • Gold

    1,860.80
    +11.90 (+0.64%)
     
  • Silver

    26.60
    +1.21 (+4.77%)
     
  • EUR/USD

    1.2132
    +0.0021 (+0.17%)
     
  • 10-Yr Bond

    1.0470
    +0.0330 (+3.25%)
     
  • GBP/USD

    1.3725
    +0.0033 (+0.24%)
     
  • USD/JPY

    104.3040
    +0.2320 (+0.22%)
     
  • BTC-USD

    32,110.86
    +2,281.26 (+7.65%)
     
  • CMC Crypto 200

    649.83
    +22.17 (+3.53%)
     
  • FTSE 100

    6,524.07
    -43.30 (-0.66%)
     
  • Nikkei 225

    28,197.42
    -437.79 (-1.53%)
     

Hillrom Buys Breathe Technologies In $130M Deal

Tanzeel Akhtar

Medical equipment company Hillrom (NYSE: HRC) will acquire Breathe Technologies for $130 million.

Breathe Technologies is a developer and manufacturer of a patented wearable, non-invasive ventilation technology that supports improved patient mobility. The company is located in Irvine, California, with annual revenue of approximately $10 million.

"The acquisition of a highly differentiated, wearable non-invasive ventilation technology provides an exciting growth platform that utilizes our direct Respiratory Care commercial channel and business model," said Hillrom CEO John Groetelaars. "This transaction represents another example of our plan to strategically deploy capital with a disciplined approach toward higher-growth and higher-margin businesses by expanding into the disruptive new category of non-invasive ventilation."

Hillrom shares were trading at $105.91 on Friday. The stock has a 52-week high of $109.18 and a 52-week low of $81.82.

Related Links:

Cantel Medical To Buy Hu-Friedy In 0M Deal

Vacasa To Acquire Wyndham Vacation Rentals For 2M

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.