Deals
Medtronic Prepares Sale of Medical-Supplies Business
- Medical-devices company could sell all or part of unit
- Sale of entire business could fetch as much as $5 billion
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Medtronic Plc, the largest medical-devices company in the world, is working with advisers to prepare the sale of part or all of its sprawling medical-supplies business, according to people familiar with the matter.
While preparations for a sale are at an early stage, Medtronic has sounded out prospective buyers for the division, the people said, asking not to be identified as the matter isn’t public. The unit could be valued at as much as $5 billion, the people said.