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Hillrom Announces 9 Percent Increase in Quarterly Dividend

Hillrom Announces 9 Percent Increase in Quarterly Dividend News provided by Share this article Share this article CHICAGO, March 11, 2021 /PRNewswire/  Hillrom (NYSE: HRC) announced today that its board of directors declared a 9 percent increase in the company s quarterly dividend rate, from the previous rate of $0.22 per share to $0.24 per share. The fiscal second quarter 2021 quarterly dividend is payable on March 31, 2021, to shareholders of record as of the close of business on March 22, 2021. The indicated annual dividend rate is $0.96 per share. Hillrom is committed to returning value to our shareholders through our dividend while preserving financial flexibility for M&A and organic investments that further transform our portfolio and support our vision of Advancing Connected Care™, said Hillrom President and CEO John Groetelaars. We are pleased to raise our quarterly dividend rate for the eleventh consecutive year as a demonstration of our strong financia

Hillrom to Present at KeyBanc Capital Markets Life Sciences & MedTech Investor Forum

Hillrom Provides Update on Planned Acquisition of Bardy Diagnostics, Inc

Share: CHICAGO, March 1, 2021 /PRNewswire/  Hillrom (NYSE:HRC) today provided an update on its planned acquisition of Bardy Diagnostics, Inc. (BardyDx), which it previously announced on January 19, 2021.  On January 29, 2021, a Medicare Administrative Contractor, Novitas Solutions, published new Category 1 reimbursement rates applicable to the Current Procedural Terminology (CPT) codes for the long-term cardiac monitoring category, including CPT codes 93241, 93243, 93245 and 93247. As a result of the unexpected Novitas reimbursement rate reduction, Hillrom has asserted that a Company Material Adverse Effect has occurred, and therefore the closing conditions have not been satisfied. BardyDx has advised Hillrom that it has filed a complaint against Hillrom in the Delaware Court of Chancery. Hillrom remains committed to creating long-term shareholder value and will provide further updates as appropriate.

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