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Hill-Rom Holdings, Inc.

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Hill-Rom Holdings, Inc. - Healthcare showcase

Year Founded & Workforce

1915

10,000 Employees

Industry

Healthcare

Services

Cardiopulmonary Exercise Testing ServicesSuture NeedlesSuture Aid BootiesNurse Call SystemCardiopulmonary Exercise Testing
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Hill-Rom Holdings, Inc. Overview

Company Headquarters: Indiana, US

Founded: 1915

Workforce: ~10,000

Company Working: Hill-Rom Holdings Inc (Hillrom) is a medical equipment manufacturing company. The company offers patient support systems, surgical solutions, and front-line care products. Its major products and services include patient mobility solutions, specialty frames and surfaces, non-invasive therapeutic products and surfaces, patient monitoring and diagnostics products, respiratory health products, and surgical products that are used within the operating room setting. Additionally, it operates as a subsidiary of Baxter. It also provides products for acute care hospitals, extended care facilities, and home healthcare agencies. Moreover, the company is also making progress with its clinical initiatives that are designed to deliver instruments for creating a secure environment for patients and employees, measuring, and treating pressure injuries, and fall prevention. Furthermore, it distributes its products in the US, Canada, and other countries using a network of distributors, direct sales representatives, and fully owned subsidiaries. The company has a strong presence in the Americas, Europe, and Asia-Pacific regions.

Strategy

Hill-Rom Holdings, Inc. focuses on patient care solutions that improve clinical and economic outcomes. It also focuses on the ongoing expansion of its business through strategic collaborations, including new technologies, additional products, organizational strength, and mergers and acquisitions to strengthen its position in the market. Moreover, it also concentrates on delivering innovative solutions and improving product quality through research & development.

Company Snapshot

$2,907.3M

Revenue

10,000

Employees

1915

Founded

Indiana, US

Headquarters

SWOT Analysis

Strengths

  • Strong distribution network
  • Automation of activities brought consistency of quality to the products of Hill-Rom Holdings
  • Employee relation
  • Diversified product portfolio
  • Global presence is in over 100 countries
  • Extensive R&D capabilities
  • High level of customer satisfaction

Weaknesses

  • Substantial amount of indebtedness
  • Future financial performance will depend on the successful introduction of new products
  • Product recalls

Opportunities

  • Opportunity to procure products by collaborations with governments
  • Explore new business segments
  • Opportunities in online space
  • Accelerated technological innovations and advances

Threats

  • Failure to comply with the FDA regulations and similar foreign regulations applicable to the products
  • The assets in the pension plans are subject to market disruptions
  • Stiff competition
  • Stringent government regulations

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Key Developments

DateApproachDevelopment
July 2020PartnershipHill-Rom Holdings, Inc (US) announced a new commercial partnership with AIVA INC (US), to enable hands-free communication for both patients and staff utilizing an in-room voice assistant and Hill-Rom’s Voalte Mobile solution.

Product Offering

  • Hill-Rom Holdings, Inc.
    • Cardiopulmonary Exercise Testing Services
    • Suture Needles
    • Suture Aid Booties
    • Nurse Call System
    • Cardiopulmonary Exercise Testing

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 2,907.3 Mn in 2019 to USD 3,018.7 Mn in 2021.
Hill-Rom Holdings, Inc. — By Business Segment
Series (USD Mn)201920202021
Sales2,907.32,8813,018.7
R&D Expenses139.5136.5144.9

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