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Hill-Rom completes $130M acquisition of Breathe Technologies

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.