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Hillrom Provides Update on Planned Acquisition of Bardy Diagnostics, Inc.

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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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Hill-Rom Accused of Wrongfully Pulling Plug on Bardy Deal

Hill-Rom Accused of Wrongfully Pulling Plug on Bardy Deal
Mar 01 2021, 9:28 PM
March 01 2021, 9:02 PM
March 01 2021, 9:28 PM
(Bloomberg) Hospital-bed maker Hill-Rom Holdings Inc. is accused of wrongfully pulling the plug on a $375 million buyout of startup Bardy Diagnostics over changes to government reimbursement rates for its cardiac-monitoring system.Officials of Seattle-based Bardy asked a Delaware judge to force Batesville, Indiana-based Hill-Rom to complete the acquisition, saying the proposed Medicare-payment revisions donât provide a proper lega.
(Bloomberg) Hospital-bed maker Hill-Rom Holdings Inc. is accused of wrongfully pulling the plug on a $375 million buyout of startup Bardy Diagnostics over changes to government reimbursement rates for its cardiac-monitoring system. ....

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Hill-Rom accused of wrongfully pulling plug on $375 million deal

Hill-Rom accused of wrongfully pulling plug on $375 million deal
chicagobusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagobusiness.com Daily Mail and Mail on Sunday newspapers.

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Hillrom Provides Update on Planned Acquisition of Bardy Diagnostics, Inc.

Hillrom Provides Update on Planned Acquisition of Bardy Diagnostics, Inc.
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Hillrom Comments On Novitas Reimbursement Decision

/PRNewswire/ Hillrom (NYSE: HRC) previously announced its intention to acquire Bardy Diagnostics, Inc. (BardyDx), an innovator in digital health and a. ....

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