Hill-Rom Holdings Inc. completed its $130 million acquisition of Breathe Technologies Inc.
Irvine, Calif.-based Breathe Technologies is the developer of the Life2000 Ventilation System — a wearable device used for managing certain respiratory conditions, including chronic obstructive pulmonary disease, interstitial lung disease, restrictive thoracic disorder and post-lung-transplant rehab, among others.
Hill-Rom CEO John Groetelaars previously said the deal is an example of the company's strategy to use capital toward high-growth and high-margin businesses as it expands into a new category of noninvasive ventilation.
In July, Chicago-based Hill-Rom said it was selling its Aspen Surgical business unit to Audax Private Equity Fund LP for $170 million in cash. The Aspen Surgical unit includes surgical consumable products including Bard-Parker conventional and safety scalpels and blades.
