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Hillrom to use existing credit facilities for Bardy acquisition
By Sara Rosenberg
New York, Jan. 19 – Hillrom plans to use borrowings under its existing credit facilities to help fund the purchase of Bardy Diagnostics Inc., according to a news release.
Other funds for the $375 million acquisition will come from cash on hand.
Closing is expected in the company’s fiscal second quarter of 2021, subject to customary conditions.
Hillrom is a Chicago-based medical technology company. Bardy Diagnostics is a Seattle-based provider of ambulatory cardiac monitoring technologies.
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