RMD - Hillrom To Acquire Breathe Technologies For Ventilator Tech
Quick Take
Hillrom (HRC) announced it will acquire Breathe Technologies for $130 million.
Breathe Technologies is focused on developing and manufacturing wearable, non-invasive ventilators.
HRC is paying a premium price for Breathe, but the deal promises to bring higher gross and operating margins to HRC as it adds the offering to its existing large direct sales force.
Target Company
Irvine, California-based Breathe was founded in 2005 to develop modular, non-invasive ventilation technology that helps improve patient mobility.
Management is headed by President and CEO Larry Mastrovich, who has been with the firm