M&A Deal Summary

Hill-Rom Acquires MEDIQ

On February 2, 2004, Hill-Rom acquired healthcare services company MEDIQ for 330M USD

Acquisition Highlights
  • This is Hill-Rom’s 3rd transaction in the Healthcare Services sector.
  • This is Hill-Rom’s 5th largest (disclosed) transaction.
  • This is Hill-Rom’s 3rd transaction in the United States.
  • This is Hill-Rom’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2004-02-02
Target MEDIQ
Sector Healthcare Services
Buyer(s) Hill-Rom
Deal Type Add-on Acquisition
Deal Value 330M USD

Target

MEDIQ

Pennsauken, New Jersey, United States
MEDIQ, Inc., operates critical care, life support and other movable medical equipment rental business in the United States. Through its national distribution network, the company serves more than 5,000 hospitals, alternate care and home care providers, nursing homes and other health care providers nationwide. The company rents over 650 different types of critical care, life support and other movable medical equipment, including adult and infant ventilators, adult, infant, neonatal and fetal monitors, infusion and suction pumps, incubators, infant warmers, pulse oximeters, sequential compression devices and oxygen concentrators. In addition, the company rents therapeutic support surfaces, overlays and mattresses and sells a variety of disposable products, accessories and repair parts to its customers primarily for use with the medical equipment it rents.

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Buyer(S) 1

Buyer

Hill-Rom

Chicago, Illinois, United States

website

Category Company
Founded 1915
Sector Medical Products
Employees10,000
Revenue 2.9B USD (2020)
DESCRIPTION

Hill-Rom manufactures and provides medical technologies and related services for the health care industry. Hill-Rom offers patient care systems, safe mobility and handling solutions, and non-invasive therapeutic products for various acute and chronic medical conditions, medical equipment rentals, surgical products, and information technology solutions. Hill-Rom was founded in 1915 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 15
Sector (Healthcare Services) 3 of 3
Type (Add-on Acquisition) 3 of 13
State (New Jersey) 1 of 1
Country (United States) 3 of 12
Year (2004) 1 of 1
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-27 Hill-Rom Holdings - Medical Gas Pipeline Business

Chicago, Illinois, United States

Hill-Rom Holdings, Inc. - Medical Gas Pipeline Business provides medical products in US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-02 Encompass TSS

Pasadena, California, United States

Encompass TSS LLC is a distribution of a comprehensive range of surface replacement systems.

Buy -
Mergr

Product

Company

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