By Mike Perleberg Photo by Mike Perleberg, Eagle Country 99.3 (Batesville, Ind.) - Batesville-based Hill-Rom is making a move to divest itself of another subsidiary company. Hill-Rom Holdings, Inc. recently announced an agreement to sell certain assets of its Völker business, which it had purchased in 2012, to CoBe Capital. Völker is a German company serving the European long-term care bed market. It’s 2016 revenue was approximately $40 million. "This transaction reflects Hill-Rom's ongoing efforts to optimize our portfolio and direct investment, resources and focus on key, strategic growth platforms," said Hill-Rom President and CEO John J. Greisch. Financial terms of the deal have not been disclosed. The companies expect to close in Hill-Rom’s fiscal fourth quarter, subject to regulatory approvals and other customary closing options. In addition to the divestiture of Völker, Hill-Rom previously completed the sale of other non-core assets, including its Architectural Products and WatchChild businesses. Collectively, the three businesses generated 2016 annual revenue of approximately $75 million. RELATED STORIES: Hill-Rom Announces Major Acquisition
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