M&A Deal Summary

Hill-Rom Acquires Bardy Diagnostics

On January 19, 2021, Hill-Rom acquired medical products company Bardy Diagnostics from Health Enterprise Partners for 375M USD

Acquisition Highlights
  • This is Hill-Rom’s 10th transaction in the Medical Products sector.
  • This is Hill-Rom’s 3rd largest (disclosed) transaction.
  • This is Hill-Rom’s 12th transaction in the United States.
  • This is Hill-Rom’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-01-19
Target Bardy Diagnostics
Sector Medical Products
Buyer(s) Hill-Rom
Sellers(s) Health Enterprise Partners
Deal Type Add-on Acquisition
Deal Value 375M USD

Target

Bardy Diagnostics

Charlotte, North Carolina, United States
Bardy Diagnostics develops and markets the Carnation Ambulatory Monitor, a non-invasive P-wave centric ambulatory cardiac monitor and arrhythmia detection device that generates superior clinical data, improves patient compliance and fits within varied hospital and cardiology workflows and reimbursement concerns. Bardy Diagnostics is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Hill-Rom

Chicago, Illinois, United States
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 15 of 15
Sector (Medical Products) 10 of 10
Type (Add-on Acquisition) 13 of 13
State (North Carolina) 1 of 1
Country (United States) 12 of 12
Year (2021) 1 of 1
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-02 Breathe Technologies

Irvine, California, United States

Breathe Technologies, Inc. is a developer and manufacturer of innovative medical technologies for patients with respiratory insufficiency and neuromuscular diseases. Breathe Technologies, Inc. was founded in 2005 and is based in Irvine, California.

Buy $130M

Seller(S) 1

SELLER

Health Enterprise Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 425M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.

DEAL STATS #
Overall 15 of 23
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 12 of 19
State (North Carolina) 1 of 1
Country (United States) 15 of 23
Year (2021) 1 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Evariant

Farmington, Connecticut, United States

Evariant is a healthcare CRM platform combines digital marketing solutions, big data, and analytics to grow patient engagement and enable proactive care. Evariant was founded in Farmington, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 Aware Recovery Care

Wallingford, Connecticut, United States

Aware Recovery Care engages in the in-home mental health and substance use disorder treatment industry, representing true innovation. Supported by a specially-trained team of addiction professionals, Aware offers a best-in-class in-home addiction treatment program backed by both logic and data. Aware Recovery Care is based in Wallingford, Connecticut.

Buy -
Mergr

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