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  "documentTitle": "Hill-Rom Holdings, Inc. (HRC)",
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  "notes": "Uses a timeline-style comparison of two press releases and a 10-K excerpt to illustrate value erosion.",
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      "text": "While the decline of Hill-Rom’s third-party rental business may have been gradual, we find the dramatic decline in segment revenue striking, as we do the fact that management received almost nothing in return for the assets.",
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      "text": "While the decline of Hill-Rom's third-party rental business may have been gradual, we find the dramatic decline in segment revenue striking, as we do the fact that management received almost nothing in return for the assets.",
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      "text": "Oct 2003: Mediq Acquisition press release",
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      "text": "Mar 2018: Third-Party Rental Business Divestiture press release",
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      "text": "In Mar 2018, Hill-Rom announced the divestiture of its third-party rental and services businesses... generating $35M in annual sales... in stark contrast to the $166M generated by the business (then known as Mediq) in 2002...",
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      "text": "Hill-Rom to absorb equipment outsourcer Mediq — Reuters (Oct 31, 2003).",
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      "kind": "title",
      "text": "Once Flourishing Businesses Reduced To Almost Nothing",
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