Moody's places Hill-Rom's ratings on review for upgrade on proposed acquisition by Baxter
Rating Action: Moody's places Hill-Rom's ratings on review for upgrade on proposed acquisition by Baxter. Global Credit Research- 02 Sep 2021. New York, September 02, 2021-- Moody's Investors Service placed Hill-Rom Holdings, Inc. Ba2 Corporate Family Rating, Ba2-PD Probability of Default Rating, Ba3 senior unsecured guaranteed notes and B1 senior unsecured notes on review for upgrade.Hill-Rom Holdings is a medical technology company. The company's reportable segments are: Patient Support Systems, which include a variety of frames and surfaces (such as medical surgical (med-surg) beds, intensive care unit beds, and bariatric patient beds), patient mobility solutions (such as lifts and other devices used to move patients), non-invasive therapeutic products and surfaces, and its information technologies and software solutions; Front Line Care, which includes its patient monitoring and diagnostics products and its respiratory health products; and Surgical Solutions, which include tables, lights, and pendants utilized within the surgical setting.
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