June 17, 2015 -- Two of the world's leading healthcare technology companies, Hill-Rom Holdings, Inc. and privately-held Welch Allyn, Inc., today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Hill-Rom will acquire Welch Allyn for approximately $2.05 billion in cash and stock. Cravath, Swaine & Moore LLP represented Welch Allyn in connection with this transaction. 

The Cravath team was led by partners Susan Webster and Richard Hall and included associates Benjamin S. Persina, Holden K. Sumner and Vernie Chia (M&A); partners Stephen L. Gordon and Lauren Angelilli and associate Jay S. Gill (tax); partners Eric W. Hilfers and Jennifer S. Conway, senior attorney Lawrence A. Pasini and associate Matthew J. Bobby (executive compensation and benefits); practice area attorney Anthony N. Magistrale (intellectual property); partner Christine A. Varney and associates Margaret Segall D'Amico and Caitlin N. Fitzpatrick (antitrust); partner Matthew Morreale (environmental); and practice area attorney Gary R. Eisenman (real estate). Summer associates Rebecca D. Stacker and Bradley M. Tarrash also worked on M&A matters.