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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): September 30, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>HILL-ROM HOLDINGS, INC.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Indiana</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>1-6651</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>35-1160484</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

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<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>1069 State Route 46 East<BR>Batesville, Indiana<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>47006-8835</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(812) 934-7777</B>


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    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>Not Applicable<BR></B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="left" style="font-size: 10pt"><B>Note Regarding Forward Looking Statements</B>


<P align="left" style="font-size: 10pt">Certain statements in this report contain forward looking statements, within the meaning of the Private Securities
Litigation Reform Act of 1995, regarding the future plans, objectives, beliefs, expectations, representations and
projections of Hill-Rom Holdings, Inc. (the &#147;Company&#148;). The Company has tried, wherever possible, to identify these
forward looking statements using words such as &#147;intend,&#148; &#147;anticipate,&#148; &#147;believe,&#148; &#147;plan,&#148; &#147;encourage,&#148; &#147;expect,&#148; &#147;may,&#148;
&#147;goal,&#148; &#147;become,&#148; &#147;pursue,&#148; &#147;estimate,&#148; &#147;strategy,&#148; &#147;will,&#148; &#147;projection,&#148; &#147;forecast,&#148; &#147;continue,&#148; &#147;accelerate,&#148;
&#147;promise,&#148; &#147;increase,&#148; &#147;higher,&#148; &#147;lower,&#148; &#147;reduce,&#148; &#147;improve,&#148; &#147;expand,&#148; &#147;progress,&#148; &#147;potential&#148; or the negative of
those terms or other variations of them or by comparable terminology. The absence of such terms, however, does not
mean that the statement is not forward looking. It is important to note that forward looking statements are not
guarantees of future performance, and actual results could differ materially from those set forth in any forward
looking statements. Factors that could cause the Company&#146;s actual results to differ from forward looking statements
include but are not limited to: the Company&#146;s dependence on its relationships with several large group purchasing
organizations, whether the Company&#146;s new products are successful in the marketplace, changes in customers&#146; Medicare
reimbursements, collections of accounts receivable, compliance with FDA regulations, antitrust litigation, potential
exposure to product liability or other claims, failure of the Company&#146;s announced strategic initiatives and
restructuring and realignment activities to achieve expected growth, efficiencies or cost reductions, disruptions in
the Company&#146;s business or other adverse consequences resulting from the spin-off of the funeral service business,
failure to realize the anticipated benefits of the spin-off, failure of the Company to execute its acquisition and
business alliance strategy through the consummation and successful integration of acquisitions or entry into joint
ventures or other business alliances, increased costs or unavailability of raw materials, labor disruptions, the
ability to retain executive officers and other key personnel, and certain tax-related matters. For a more in depth
discussion of these and other factors that could cause the Company&#146;s actual results to differ from those contained in
forward looking statements, see the discussions under the heading &#147;Risk Factors&#148; in the Company&#146;s Annual Report on Form
10-K for the period ended September&nbsp;30, 2007, its Current Report on Form 8-K filed on March&nbsp;17, 2008, and the Quarterly
Report on Form 10-Q for the quarter ended June&nbsp;30, 2008, which were previously filed with the Securities and Exchange
Commission. The Company assumes no obligation to update or revise any forward looking statements.

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
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<P align="left" style="font-size: 10pt"><B>Item&nbsp;2.05. Costs Associated with Exit or Disposal Activities</B>


<P align="left" style="font-size: 10pt"><B>Item&nbsp;2.06. Material Impairments.</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">On September&nbsp;30, 2008, the Board of Directors of the Company approved a management-recommended plan to restore
growth and improve the profitability of the Company&#146;s medical equipment management services business (&#147;MEMS&#148;), which is
engaged in the management, delivery, pick-up and maintenance of peak need moveable medical equipment. Implementation
of the plan will include a more strategic focus on customers, a limited rationalization in the current service center
footprint to align and consolidate resources and better serve our customers and the rationalization and disposal of
select assets and asset groups.


<P align="left" style="font-size: 10pt; text-indent: 4%">As a result of the plan, the Company estimates it will incur a pre-tax charge of approximately $13&nbsp;million to $15
million in the fourth quarter of fiscal 2008. This charge will consist of cash expenditures of less than $1&nbsp;million
for lease termination and severance costs, with the remaining amount representing non-cash charges for the impairment
of select moveable medical equipment to be rationalized and sold or abandoned as part of this action. These actions
are expected to provide savings of approximately $4&nbsp;million to $5&nbsp;million per year following implementation. The
Company will initiate its plan immediately and anticipates that the plan will be completed before the end of fiscal
2009.


<P align="left" style="font-size: 10pt; text-indent: 4%">Further details of this action were more fully described in the press release filed as Exhibit&nbsp;99.1 to this
Current Report on Form 8-K.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;7.01. Regulation&nbsp;FD Disclosure.</B>


<P align="left" style="font-size: 10pt; text-indent: 3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;6, 2008, the Company announced its financial guidance for the 2009 fiscal year. This
announcement is more fully described in the press release filed as Exhibit&nbsp;99.1 to this Current Report on Form 8-K.
The contents of such Exhibit are incorporated herein by reference.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B>


<P align="left" style="font-size: 10pt">&nbsp;(d)&nbsp;<I>Exhibits.</I>

<DIV align="center">
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    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">&nbsp;<B>Description</B></TD>
</TR>

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<TR valign="bottom">
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</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release dated October&nbsp;6, 2008</TD>
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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.



<P align="left" style="margin-left:48%; font-size: 10pt"><B>HILL-ROM HOLDINGS,
INC.</B>


<P align="left" style="margin-right:1%; font-size: 10pt">DATE: October&nbsp;6, 2008


<P align="left" style="margin-left:48%; margin-right:1%; font-size: 10pt; margin-top: -11pt">BY: <U> <B>/</B>S/
Gregory N.
Miller&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
Gregory N. Miller
<BR>
Senior Vice President
and
<BR>
Chief Financial
Officer


<P align="left" style="margin-right:1%; font-size: 10pt">DATE: October&nbsp;6, 2008


<P align="left" style="margin-left:48%; margin-right:1%; font-size: 10pt; margin-top: -11pt">BY: <U> <B>/</B>S/
Richard G.
Keller&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>
<BR>
Richard G. Keller
<BR>
Vice President &#150;
Controller and
<BR>
Chief Accounting Officer

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<P align="center" style="font-size: 10pt; display: none">4
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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>



<P align="center" style="font-size: 10pt">&nbsp;


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">&nbsp;<B>Description</B></TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release dated October&nbsp;6, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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{"company-data": {"conformed-name": "Hill-Rom Holdings, Inc.", "cik": "0000047518", "assigned-sic": "3841", "irs-number": "351160484", "state-of-incorporation": "IN", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-06651", "film-number": "081110500"}, "business-address": {"street1": "1069 STATE ROUTE 46 EAST", "city": "BATESVILLE", "state": "IN", "zip": "47006-8835", "phone": "8129347000"}, "mail-address": {"street1": "1069 STATE ROUTE 46 EAST", "city": "BATESVILLE", "state": "IN", "zip": "47006-8835"}, "former-company": {"former-conformed-name": "HILLENBRAND INDUSTRIES INC", "date-changed": "19920703"}}
Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2008
HILL-ROM HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Indiana
1-6651
35-1160484
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1069 State Route 46 East
Batesville, Indiana
47006-8835
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(812) 934-7777
Not Applicable
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Note Regarding Forward Looking Statements
Certain statements in this report contain forward looking statements, within the meaning of the Private Securities
Litigation Reform Act of 1995, regarding the future plans, objectives, beliefs, expectations, representations and
projections of Hill-Rom Holdings, Inc. (the "Company"). The Company has tried, wherever possible, to identify these
forward looking statements using words such as "intend," "anticipate," "believe," "plan," "encourage," "expect," "may,"
"goal," "become," "pursue," "estimate," "strategy," "will," "projection," "forecast," "continue," "accelerate,"
"promise," "increase," "higher," "lower," "reduce," "improve," "expand," "progress," "potential" or the negative of
those terms or other variations of them or by comparable terminology. The absence of such terms, however, does not
mean that the statement is not forward looking. It is important to note that forward looking statements are not
guarantees of future performance, and actual results could differ materially from those set forth in any forward
looking statements. Factors that could cause the Company's actual results to differ from forward looking statements
include but are not limited to: the Company's dependence on its relationships with several large group purchasing
organizations, whether the Company's new products are successful in the marketplace, changes in customers' Medicare
reimbursements, collections of accounts receivable, compliance with FDA regulations, antitrust litigation, potential
exposure to product liability or other claims, failure of the Company's announced strategic initiatives and
restructuring and realignment activities to achieve expected growth, efficiencies or cost reductions, disruptions in
the Company's business or other adverse consequences resulting from the spin-off of the funeral service business,
failure to realize the anticipated benefits of the spin-off, failure of the Company to execute its acquisition and
business alliance strategy through the consummation and successful integration of acquisitions or entry into joint
ventures or other business alliances, increased costs or unavailability of raw materials, labor disruptions, the
ability to retain executive officers and other key personnel, and certain tax-related matters. For a more in depth
discussion of these and other factors that could cause the Company's actual results to differ from those contained in
forward looking statements, see the discussions under the heading "Risk Factors" in the Company's Annual Report on Form
10-K for the period ended September 30, 2007, its Current Report on Form 8-K filed on March 17, 2008, and the Quarterly
Report on Form 10-Q for the quarter ended June 30, 2008, which were previously filed with the Securities and Exchange
Commission. The Company assumes no obligation to update or revise any forward looking statements.
Item 2.05. Costs Associated with Exit or Disposal Activities
Item 2.06. Material Impairments.
On September 30, 2008, the Board of Directors of the Company approved a management-recommended plan to restore
growth and improve the profitability of the Company's medical equipment management services business ("MEMS"), which is
engaged in the management, delivery, pick-up and maintenance of peak need moveable medical equipment. Implementation
of the plan will include a more strategic focus on customers, a limited rationalization in the current service center
footprint to align and consolidate resources and better serve our customers and the rationalization and disposal of
select assets and asset groups.
As a result of the plan, the Company estimates it will incur a pre-tax charge of approximately $13 million to $15
million in the fourth quarter of fiscal 2008. This charge will consist of cash expenditures of less than $1 million
for lease termination and severance costs, with the remaining amount representing non-cash charges for the impairment
of select moveable medical equipment to be rationalized and sold or abandoned as part of this action. These actions
are expected to provide savings of approximately $4 million to $5 million per year following implementation. The
Company will initiate its plan immediately and anticipates that the plan will be completed before the end of fiscal
2009.
Further details of this action were more fully described in the press release filed as Exhibit 99.1 to this
Current Report on Form 8-K.
Item 7.01. Regulation FD Disclosure.
On October 6, 2008, the Company announced its financial guidance for the 2009 fiscal year. This
announcement is more fully described in the press release filed as Exhibit 99.1 to this Current Report on Form 8-K.
The contents of such Exhibit are incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit Number
Description
99.1
Press release dated October 6, 2008
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
HILL-ROM HOLDINGS,
INC.
DATE: October 6, 2008
BY:
/
S/
Gregory N.
Miller
Gregory N. Miller
Senior Vice President
and
Chief Financial
Officer
DATE: October 6, 2008
BY:
/
S/
Richard G.
Keller
Richard G. Keller
Vice President –
Controller and
Chief Accounting Officer
EXHIBIT INDEX
Exhibit Number
Description
99.1
Press release dated October 6, 2008