Baxter International is reportedly in talks to buy medical devicemaker Hillrom Holdings, people familiar with the matter told The Wall Street Journal.
The talks are in early stages, and there's no guarantee a deal will be reached, the Journal reported July 28.
Any deal reached would be fairly substantial, as Hillrom has a market value of roughly $8 billion, according to the Journal. Baxter, based in Deerfield, Ill., has a market value of approximately $41 billion.
People familiar with the matter told the Journal that Hillrom already has refused a $144-per-share offer from Baxter.
Chicago-based Hillrom makes medical equipment, including hospital beds and patient-monitoring devices.
Becker's Hospital Review has reached out to both Baxter and Hillrom for comment and will update this story accordingly.
Read the full article here.