2017-01-10
Mortara Instrument, a Milwaukee-based medtech company, says it has been acquired by Hill-Rom Holdings, of Chicago, for $330 million in cash.
Mortara’s product line includes electrocardiograph machines and other medical devices used to monitor patients. One of Hill-Rom’s (NYSE: HRC) holdings is Welch Allyn, a manufacturer of medical diagnostic equipment based in Skaneateles Falls, NY, that has 2,500 employees.
The Mortara deal will allow Welch Allyn to mesh its strength in primary care diagnostic cardiology with Mortara’s expertise in devices made for use in acute care settings, the company says. Welch Allyn is also likely to become... Read more »
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