U.S. Hill Rom Holdings plans to buy Voalte in $180 million deal

U.S. medical technology company Hill-Rom Holdings plans to purchase Voalte, Inc., a Florida-based healthcare communications platform.

Hill-Rom will pay a cash consideration of $180 million and up to an additional $15 million in payments related to the achievement of certain commercial milestones for the purchase.

The move accelerates the company's leadership in care communications and advances its digital and mobile communications platform and capabilities as well as further strengthening the company’s connected solutions.

The deal, which will close during Hill-Rom's fiscal third quarter of 2019, subject to customary closing conditions, is expected to be modestly dilutive to adjusted earnings per diluted share in fiscal 2019, and increasingly accretive in fiscal 2020 and beyond.