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Hill-Rom Holdings, Inc. Announces Completion of Separation of Hillenbrand Industries Creating Two Public Companies
Date:4/1/2008

Hill-Rom as stand alone public company now sharpens focus entirely on

medical technology industry

BATESVILLE, Ind. April 1, 2008 /PRNewswire-FirstCall/ -- Hill-Rom Holdings, Inc. (NYSE: HRC), formerly known as Hillenbrand Industries, Inc. today announced completion of the spin-off of Hillenbrand, Inc, formerly Batesville Holdings, Inc., the parent of its funeral services operating company Batesville Casket Company.

Hill-Rom is a leading worldwide manufacturer and innovator of medical technologies and related services, for the health care industry. The company will now focus exclusively on its medical technology business.

Hillenbrand, Inc. (NYSE: HB) will move forward as the parent of Batesville Casket Company. Shares of both companies began trading today under the new tickers HRC, for Hill-Rom Holdings, Inc., and HI for Hillenbrand, Inc.

At the completion of the separation, which took place after the end of business March 31, 2008, shareholders of former Hillenbrand Industries received one share of Hillenbrand, Inc. stock for every share of Hillenbrand Industries, Inc. stock held as of March 24, 2008, the record date.

"Our Board and our management believe that separation of the two companies is the best way to unlock value and allow each company to focus on accelerating growth in their respective industries," said Peter Soderberg, president and CEO of the new Hill-Rom Holdings, Inc. "The compelling value proposition of both companies should provide attractive re
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SOURCE Hill-Rom Holdings, Inc.
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