Hill-Rom Holdings, Inc. today announced that it has entered into a definitive agreement to acquire Voalte, Inc., a provider of real-time, mobile healthcare communications, for a cash consideration of $180 million and up to an additional $15 million in payments related to the achievement of certain commercial milestones. The acquisition of Voalte advances Hill-Rom’s digital and mobile communications platform and capabilities.
Voalte, based in Sarasota, FL, currently serves more than 200 healthcare customers with more than 84,000 devices on its mobile platform. Voalte’s comprehensive communications platform, which currently connects 220,000 caregivers across the healthcare enterprise, supporting voice, alarm and text communications, will be integrated with Hill-Rom’s care communications business. This combination will further strengthen Hill-Rom’s connected solutions, including smart hospital beds, vital signs monitors, the LINQ mobile application and its evolving digital offering, to deliver better care to patients and their care teams.
“Interoperability and connectivity have become critical elements in providing quality healthcare, reducing length of stay and driving efficiencies across the healthcare continuum,” said John P. Groetelaars, president and CEO of Hill-Rom.
Hill-Rom expects this transaction to close during its fiscal third quarter of 2019, subject to customary closing conditions.