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September 28, 2021updated 07 Oct 2021 2:18pm

Baxter Set to Become a Strong Competitor in Connected Care with Hill-Rom Acquisition

The deal will make Baxter one of the leaders in the connected devices market and expand its digital health offerings.

By GlobalData

Baxter has taken part in its largest deal to date with the acquisition of Hill-Rom . The deal will make Baxter one of the leaders in the connected devices market as the company expands its digital health offerings. With medical devices becoming increasingly connected, it is no surprise that Baxter is investing in this space. The company has not been traditionally digitally driven; therefore, this acquisition is a great investment as connected care becomes one of the more lucrative sectors in the medical device industry.

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M&A activity in the medical device industry has been rife in 2021, as companies recover from the pandemic and capitalise on opportunities to strengthen and widen their product portfolios. Q1 saw the highest number of deals compared to the same period in previous years, with figures reaching $58.1bn, according to the GlobalData Deals database. The number of deals slowed down in the second quarter of the year, but there was a 47% increase in deal value in comparison to Q1.

In general, there has been an increasingly wide adoption of connected devices in the healthcare industry. In the past few years, medical device companies have either been developing products with connectivity capabilities or taking part in strategic partnerships and acquisitions to enter the connected care market. Hill-Rom strengthened its position as one of the leaders in connected care by taking part in several acquisitions. The company acquired Excel Medical Electronics in January 2020 and EarlySense’s continuous monitoring technology in February 2020.

The COVD-19 pandemic spurred the shift towards connected care both in and out of hospitals. Connected care has the potential to transform the healthcare sector by increasing safety, quality and overall efficacy. With consumers more willing to use these devices, the future of health will be digital. Therefore, increasing activity in terms of product development, regulations and acquisitions is expected.

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

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