According to sources close to the matter, Deerfield, Ill.-based medical technology company Baxter is in talks to purchase Chicago-based Hill-Rom, which manufactures hospital beds and patient monitoring equipment.
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Hillrom’s recalled Liko Multirall 200 overhead patient lift has been linked to two deaths and there are more than 20 reports of serious injuries, reports MedTech Dive.
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Through a new partnership, Hill-Rom and the University of Pennsylvania seek to develop new “smart” technology to address challenges in hospital rooms.
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Medical technology manufacturer Hillrom has launched two new respiratory therapy devices: the Volara System, which provides hospital-grade oscillation and lung expansion therapy, and the Synclara Cough System.
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The global medical equipment industry, which has been growing at a good pace in recent years, is expected to have a value of more than $500 billion by the end of 2020. Not surprisingly, the United States is the dominant region of the industry, followed by Europe and the Asia-Pacific. In the Asia-Pacific, China leads the industry, along with Japan and South Korea.
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