Hill-Rom Holdings has announced it has completed its acquisition of Aspen Surgical Products, according to a news release.
Hill-Rom spent $400 million to purchase Michigan-based Aspen Surgical, the developer of Bard-Parker conventional and safety scalpels and blades, Colby fluid collection products, Richard-Allan specialty needles and other operating room disposables, instrument care products and wound care dressings.
"With the addition of Aspen Surgical, Hill-Rom is well positioned for growth and geographic expansion in our surgical business, particularly in the safety product segments," said John J. Greisch, president and CEO of Hill-Rom, in the release. "This acquisition further expands our global portfolio beyond our core franchise with a business that is immediately accretive to earnings per share and adds recurring revenue to our existing surgical platform."
Hill-Rom is headquartered in Batesville, Ind.
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