HRC - Hill-Rom buys contact-free continuous monitoring technology from EarlySense for $30M

As per the agreement, EarlySense will receive licensing for all IP and technology sold to Hill-Rom (HRC) for use outside the hospital, as well as a cash consideration of $30M, potential payments based on the achievement of certain commercial milestones, and a portion of Hillrom's equity investment in EarlySense."EarlySense's contact-free continuous monitoring technology provides caregivers with a full picture of patient health, allowing for intervention at the earliest signs of patient deterioration," said Hillrom President and CEO John Groetelaars. "We look forward to bringing this critical technology to additional customers around the world as we deliver on our vision of Advancing Connected Care™."

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Hill-Rom buys contact-free continuous monitoring technology from EarlySense for $30M