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Medtronic plans to sell medical supplies unit, Bloomberg reports: 6 key insights

Written by  Megan Wood | Thursday, 02 February 2017 

 

Dublin, Ireland-based Medtronic is planning to sell a portion or all of its medical supplies business, unnamed sources revealed to Bloomberg.

 

Here are six key insights:

1. Medtronic is working with advisers to identify potential buyers.

2. The division may be worth approximately $5 billion, the sources told Bloomberg.

3. The company’s medical supplies business encompasses a variety of equipment, such as needles and monitoring technology.

4. Much of Medtronic’s medical supplies line stems from its acquisition of Dublin-based Covidien in 2014.

5. Bloomberg reported Medtronic may seek one or several divestures of its medical supplies business.

6. A Medtronic spokesman did not disclose any information to Bloomberg.

 

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