Connected Care

Kimberly Redmond | |

Baxter International Inc (NYSE: BAX) is reportedly in advanced talks to acquire medical equipment maker Hill-Rom Holdings Inc (NYSE: HRC) for about $10 billion and a deal could be reached by mid-week.

Citing sources familiar with the matter, The Wall Street Journal reported on Sunday that the transaction would value Hill-Rom at around $150 per share, a 13% premium to the stock’s closing price of $132.90 on Friday.