Hill-Rom
Type | Subsidiary |
---|---|
Nasdaq: HRC | |
Industry | Medical device manufacturer |
Founded | Batesville, Indiana (1915) |
Headquarters | Chicago, Illinois, U.S. |
Key people | John Groetelaars (President & CEO)[1] |
Products | Hospital smart beds and surfaces, patient monitors, care communications, lifts, physical exam and diagnostics, vision screening, respiratory health, surgical tables, IT solutions, and smart care services |
Revenue | US$2.91 billion (2019)[2] |
Number of employees | 10,000 (2018) |
Parent | Baxter International |
Website | www |
Hill-Rom Holdings, Inc. (branded as Hillrom) is an American medical technology provider that is a subsidiary of Baxter International.
History[]
Hillrom is a wholly owned subsidiary of Hill-Rom Holdings, Inc., and was formerly a part of Hillenbrand Industries until that company split its medical equipment division from their casket business in 2008.[3] Their headquarters are in Chicago, Illinois.[3]
John Groetelaars is the President and CEO.[4] In 2019, Hill-Rom rebranded itself as Hillrom.[5] The rebranding emphasized the company’s transition from its history of developing hospital beds and medical devices to a focus on digital health products and software that support connected care across the healthcare continuum for the digital health market.[5][6][7]
In September 2015, Hillrom bought Welch Allyn Inc.[4] Hillrom continued to use the Welch Allyn brand name for some of its patient monitoring and diagnostic equipment.[4]
In 2018, Hillrom updated its hospital bed model to include EarlySense’s vital-sign bed sensors to monitor patients’ heart and respiratory rates.[8] The built-in sensors sit under the mattress and are not attached to the patient.[8] They check vital signs 100 times a minute and alert nurses to any possible issues.[8]
In April 2019, Hillrom acquired Voalte.[4] The acquisition gave Hillrom control of a connected care system that supplies voice, alarm, and text communications for 220,000 clinicians at different healthcare organizations.[9][10] Voalte became a cornerstone of Hillrom’s Care Communications product line.[4] Before its rebrand, Hillrom also developed and produced medical equipment under the names of its previous acquisitions: Welch Allyn, Mortara, Trumpf Medical, Allen Medical, and Liko.[4] Another acquisition, Aspen Surgical, was sold in 2019.[11]
In January 2020, Hillrom acquired Excel Medical Electronics, a clinical communications software company.[12] Excel Medical expanded Hillrom’s digital health offerings with predictive analytics and software that assimilates real-time patient data.[13]
Hillrom’s Centrella bed won the 2017 Stanley Caplan User Centered Design Award.[14] Hillrom developed the bed after studying patients in 29 hospital units.[14] In June 2020, Hillrom released a remote vital signs monitoring product to help with COVID treatment.[15] The Welch Allyn Spot Vital Signs 4400 device connects to the Hillrom Connex app to relay patient data securely to physicians through a phone.[15]
Hillrom development teams practice contextual inquiry and an immersion process.[14] This development process requires them to spend time in environments and situations in order to understand the reality of clinical practice, workflow, and patient experience.[14]
In 2020, Hillrom adapted its respiratory health device MetaNeb to help treat COVID-19 patients.[16] MetaNeb is typically used on patients with pneumonia.[16] It attaches to a ventilator and helps to clear the lungs from mucus secretions.[16] In April 2020, Atlanta’s Emory University reported the successful use of MetaNeb with coronavirus patients on ventilators.[16]
In September 2021, Baxter International announced it would acquire Hillrom for $12.4 billion.[17] The acquisition was completed in December 2021.[18]
Services[]
Care Communications: Hillrom provides a secure communications platform that connects healthcare professionals with patients.[19] The platform uses voice calls, alarm notifications, and text alerts.[10]
Patient Support Systems: Hillrom offers different products to support patient care, such as smart beds and patient lifts.[20][21]
Front Line Care: This includes a diverse range of products used by frontline care providers to diagnose and manage patient health issues, such as ventilators and vital signs monitoring systems.[15]
Surgical Solutions: The company provides a line of surgical products, including surgical and examination lights,[22] gyn/uro/pal products,[citation needed] surgical tables,[23] and orthopedic and spine products.
References[]
- ^ "Hill-Rom Holdings". fortune.com. Retrieved August 30, 2021.
- ^ "Hill-Rom Holdings Inc". MarketWatch. Retrieved 17 November 2020.
- ^ a b "Hit hard by COVID-19, Batesville answers call for more hospital beds". WCPO. 2020-04-14. Retrieved 2021-01-13.
- ^ a b c d e f "Welch Allyn name survives Hillrom rebranding". syracuse. 2019-05-28. Retrieved 2020-07-16.
- ^ a b "Hill-Rom rebrands as Hillrom". MassDevice. 2019-05-28. Retrieved 2020-07-16.
- ^ "Hill-Rom rebrands as Hillrom". MassDevice. 2019-05-28. Retrieved 2020-08-21.
- ^ HealthManagement.org. "Radiology Management, ICU Management, Healthcare IT, Cardiology Management, Executive Management". HealthManagement. Retrieved 2020-08-21.
- ^ a b c Evans, Melanie (2018-12-09). "Hospital Beds Get Digital Upgrade". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-08-21.
- ^ "Hill-Rom strikes $180M Voalte takeover to boost connected care unit". MedTech Dive. Retrieved 2020-10-30.
- ^ a b Truong, Kevin (2019-03-13). "Hill-Rom to acquire healthcare communications company Voalte for up to $195M". MedCity News. Retrieved 2020-10-30.
- ^ "Hill-Rom to sell Caledonia-based Aspen Surgical for $170 million". mibiz.com. Retrieved 2020-07-16.
{{cite web}}
: CS1 maint: url-status (link) - ^ "Inline XBRL Viewer". www.sec.gov. Retrieved 2020-10-30.
- ^ "Here's Why You Should Add Hill-Rom Stock to Your Portfolio". Nasdaq.
{{cite web}}
: CS1 maint: url-status (link) - ^ a b c d Wiggermann, Neal; Rempel, Kelli; Zerhusen, Robert Mark; Pelo, Travis; Mann, Nick (2019-04-01). "Human-Centered Design Process for a Hospital Bed: Promoting Patient Safety and Ease of Use". Ergonomics in Design. 27 (2): 4–12. doi:10.1177/1064804618805570. ISSN 1064-8046.
- ^ a b c "Hillrom launches remote vital signs monitoring system". MassDevice. 2020-06-16. Retrieved 2020-07-23.
- ^ a b c d "Coronavirus In Minnesota: Hillrom Adapting Respiratory Device To Treat Severe COVID-19 Patients". 2020-04-16. Retrieved 2020-12-11.
- ^ Linnane, Ciara. "Baxter to acquire Hillrom in all-cash deal with enterprise value of about $12.4 billion". MarketWatch. Retrieved 2021-09-02.
- ^ "Baxter officially acquires Hillrom". Greensburg Daily News. December 13, 2021 – via Yahoo! News.
- ^ Truong, Kevin (2019-03-13). "Hill-Rom to acquire healthcare communications company Voalte for up to $195M". MedCity News. Retrieved 2020-11-12.
- ^ Wiggermann, Neal; Rempel, Kelli; Zerhusen, Robert Mark; Pelo, Travis; Mann, Nick (2019-04-01). "Human-Centered Design Process for a Hospital Bed: Promoting Patient Safety and Ease of Use". Ergonomics in Design. 27 (2): 4–12. doi:10.1177/1064804618805570. ISSN 1064-8046.
- ^ "Hillrom to offload surgical consumable products for $170m". www.medicaldevice-network.com. Retrieved 2020-11-12.
- ^ "Surgical Lights Market 2019 Global Share, Trend, Segmentation and Forecast to 2025 – Murphy's Hockey Law". Retrieved 2020-12-04.
- ^ "Spine Orthopedics Operating Table Market Analysis, Trends, Product Demand, Key Players, Major Applications, Research Report 2026| Getinge, Hill-Rom, Mizuho OSI, OPT SurgiSystems – Weekly Wall". Retrieved 2020-12-04.
External links[]
- Official website
- Historical business data for Hill-Rom Holdings Inc.:
- SEC filings
- American companies established in 1929
- Manufacturing companies based in Chicago
- 1929 establishments in Indiana
- Health care companies established in 1929
- Manufacturing companies established in 1929
- Health care companies based in Illinois
- Medical technology companies of the United States
- Companies formerly listed on the Nasdaq
- 2021 mergers and acquisitions
- American corporate subsidiaries
- Baxter International