Hill-Rom once again demonstrated that they are really incapable of acquiring companies and have long term success. Mediq was purchased 15 years ago for 330 million. In 2002 they had sales revenue of 166 million and were twice the size of their nearest competitor UHS. Fast forward to 2018.. Hill-Rom announces the sale of their MME business to UHS for an undisclosed amount. Interestingly, those sales of 166 million in 2002 fell to 35 million in 2017. Great execution. See press release below. Beware Welch-Allyn and others. This company has long storied past of buying companies, ripping out everything that is special and running the business into the ground over the long haul. https://ir.hill-rom.com/press-releases/press-release-details/2003/Hillenbrand-Industries-Announces-Definitive-Agreement-to-Acquire-Mediq-Inc-for-Approximately-330-Million/default.aspx
What a moronic post, stock is at an all time high. Rental market has changed. MME is bottom feeder low margin business. Company has brilliantly purchased high margin businesses in the last 5 years, and the leaders that purchased these companies 10 years ago or more are all gone.
The stock price is not doing bad because of stock buybacks, not because they company is doing something right.