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

Written by  Megan Wood | Thursday, 02 February 2017 20:18
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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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