Hill-Rom Provides Update On Puerto Rico Facility

CHICAGO, Oct. 11, 2017 /PRNewswire/ -- Hill-Rom Holdings, Inc. (“Hill-Rom”) (NYSE: HRC), today provided an update on its Aspen Surgical facility in Las Piedras, Puerto Rico, where the company manufactures Bard-Parker® surgical scalpels and blades.

Following a comprehensive onsite assessment, the company confirmed that the facility sustained minor structural damage, temporary loss of power and minimal water damage due to Hurricane Maria. Repairs have been completed, manufacturing operations have resumed, and the company expects to return to full production capacity in the coming weeks while managing inventory levels across its global distribution network to limit disruption in the supply of products to customers.

While Hill-Rom works to return Las Piedras to full operational capacity, substantial challenges exist related to the island’s power grid, communication network and overall infrastructure. The company’s primary focus continues to be supporting its employees, their families, and others affected by Hurricane Maria. Hill-Rom employs approximately 170 people in Puerto Rico, an extraordinary team of dedicated employees who helped return the facility to operational status despite significant personal hardship.

Aspen Surgical scalpels and blades account for approximately $60 million of Hill-Rom’s annual revenue. Hill-Rom does not expect a material financial impact related to the recent hurricanes, and plans to provide further information when it reports fourth quarter and full-year 2017 earnings on November 3, 2017.

About Hill-Rom Holdings, Inc.
Hill-Rom is a leading global medical technology company with more than 10,000 employees worldwide. We partner with health care providers in more than 100 countries, across all care settings, by focusing on patient care solutions that improve clinical and economic outcomes in five core areas: Advancing Mobility, Wound Care and Prevention, Patient Monitoring and Diagnostics, Surgical Safety and Efficiency and Respiratory Health. Hill-Rom’s people, products, and programs work towards one mission: Every day, around the world, we enhance outcomes for patients and their caregivers. Visit www.hill-rom.com for more information.

Disclosure Regarding Forward Looking Statements
Certain statements herein contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the company’s future plans, objectives, beliefs, expectations, representations and projections. It is important to note that forward-looking statements are not guarantees of future performance, and the company’s actual results could differ materially from those set forth in any forward-looking statements. For a more in depth discussion of factors that could cause actual results to differ from those contained in forward-looking statements, see the discussions under the heading “Risk Factors” in the company’s previously filed most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The company assumes no obligation to update or revise any forward-looking statements.

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SOURCE Hill-Rom Holdings, Inc.