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Stock Market & Financial Investment News

News Breaks
August 1, 2014
10:16 EDTHRCHill-Rom completes acquisition of Trumpf Medical for $250M
Hill-Rom announced that it has completed its approximately $250M purchase of Trumpf Medical, the medical unit of the privately held TRUMPF Group. The transaction closely aligns with the company's core growth strategies as it will more than double the size of Hill-Rom's existing surgical platform, complement and expand the company's global footprint and leverage existing sales channels and customer relationships to better address the needs of patients and caregivers. The transaction is expected to add approximately 12c-15c adjusted earnings per share in FY15. The transaction will be funded with a combination of cash on hand and borrowings on the company's existing credit facility
News For HRC From The Last 14 Days
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October 27, 2014
08:32 EDTHRCHill-Rom appoints Steven Strobel as CFO
Hill-Rom announced the appointment of Steven J. Strobel as Senior Vice President and CFO. Strobel will join Hill-Rom on November 3, 2014, as Senior Vice President, and will assume the position of Chief Financial Officer on December 1. Before joining Hill-Rom, Strobel was Chief Financial Officer of BlueStar Energy, an independent retail energy services company. Prior to BlueStar, Strobel served as Treasurer and Corporate Controller at Motorola, and in the same positions at Owens Corning.

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