United States: Leading healthcare company Baxter International Inc. has completed the acquisition of medical equipment manufacturer Hillrom Holdings, which makes the enterprise a global MedTech leader with a valuation of USD15 billion. Baxter aims to accelerate the company’s vision to transform healthcare and advance patient care across the globe, creating new opportunities for innovation and driving efficiencies across care settings. Besides, Baxter plans to build a robust global footprint by making Hillrom and Welch Allyn products accessible to even more patients and caregivers in new international markets amongst commercial and service infrastructures. The acquisition positions Baxter for anticipated faster top-and bottom-line growth.

With the acquisition, Baxter plans to combine expertise in connectivity technology and integration, digital health solutions, data visualization and analytics, sensing and monitoring, therapy development, and more. This way, the global MedTech leader can advance medical innovations in new areas to aid healthcare providers in increasing workflow efficiencies and improving patient outcomes.

Addressing the acquisition, Baxter’s CEO and President commented, “The Baxter-Hillrom combination unlocks the next phase of our transformation, presenting a new wave of potential to drive greater impact for patients, clinicians, employees, shareholders, and other communities we serve worldwide.” He further added, “Integrating our complementary capabilities introduces additional opportunities for growth across our broad geographic footprint and also creates remarkable new possibilities for connectivity with leading-edge digital health innovation focused on enhancing care, lowering costs and increasing workflow efficiency.”

Baxter International Inc. has a leading portfolio of diagnostic, critical care, nutrition, renal care, hospital, and surgical products and solution. The company provides therapies and digital health solutions across more than 100 countries with products built upon the next generation of transformative healthcare innovations.

Hillrom Inc. has been on the leading edge of medical device innovations in five core areas- Advancing Mobility, Wound Care and Prevention, Patient Monitoring and Diagnostics, Surgical Safety and Efficiency, and Respiratory Health for more than a century. The medical breakthroughs introduced by the company have been pivotal to meet speed up recovery and manage various health conditions.

On the merger of two global MedTech leaders, TechSci Research Director, Mr. Karan Chechi, said, “2021 has been a major year for merger and acquisitions in the healthcare industry due to increasing need for strategic consolidation and cross-border activity to drive efficiencies while lowering costs. The M&A trend in the healthcare sector is being largely driven by the growing demand to intensify focus on quality and value of care, ever-evolving regulatory requirements, and increased spending by healthcare providers on care, infrastructure, and technology. M&A will likely continue to be a defining activity in the healthcare sector, enabling companies to create a larger footprint and expand all points of access to care in every phase of patient care.”

According to TechSci Research report on “Global E-Health Market By Product (Electronic Health Records, ePrescribing, Clinical Decision Support, Telemedicine, Consumer Health Information, mHealth, Health Management, Information System), By Services (Monitoring, Diagnostic, Healthcare Strengthening), By End-Use (Hospitals, Home Healthcare, Payers, Pharmacy), By Region, Forecast & Opportunities, 2025”, the global e-health market is anticipated to grow at a robust CAGR during the forecast period. The growth can be attributed to the rising incidences of lifestyle disorders and increasing government initiatives for providing advanced healthcare services. Besides, an upsurge in chronic health disorders and the introduction of advanced medical devices are further contributing to the growth of the global e-health market. 

According to TechSci Research report on “Global Telehealth Market By Component (Hardware, Software, Service), By Deployment Mode (On-Premise v/s Cloud), By Type (Telehospitals, Telehomes, mHealth), By Application (Teleradiology, Tele-consultation, Tele-ICU, Tele-stroke, Tele-psychiatry, Tele-dermatology, Others), By End User (Providers, Payers, Patients, Others), By Region, Forecast & Opportunities, 2025”, the global telehealth market is anticipated to grow at a significant rate during the forecast period. The growth can be attributed to the improving healthcare IT infrastructure and technological advancements in the telecommunication sector.