<span id="midArticle_start"/><span id="midArticle_0"/> May 28 Medical equipment supplierBecton, Dickinson & Co is exploring a sale of its V.Mueller surgical instruments business following its $12 billionacquisition of peer CareFusion Corp, according to peoplefamiliar with the matter.
<span id="midArticle_1"/>Franklin Lakes, New Jersey-based has hired investment bankJPMorgan Chase & Co to assist with a potential sale,which could fetch around $500 million, the sources said thisweek. They asked not to be named because the matter is private.
<span id="midArticle_2"/> <span class="first-article-divide"/>A Becton Dickinson representative said the company isconducting a strategic review of all of its businesses and nodecisions have been made. A spokeswoman for JPMorgan declined tocomment.
<span id="midArticle_3"/>A sale would come as Becton Dickinson looks to shed non-coreassets after its acquisition of CareFusion closed in March.
<span id="midArticle_4"/> <span class="second-article-divide"/>Becton Dickinson is also expected to sell its respiratorybusiness later this year, the sources added.
<span id="midArticle_5"/> <span class="third-article-divide"/>Cost-related healthcare reforms, including those mandatedunder President Barack Obama's Affordable Care Act, have spurredconsolidation among U.S. health systems and hospitals, the maincustomers for suppliers of medical equipment.
<span id="midArticle_6"/>Other large recent medical device deals include MedtronicPlc's $43 billion acquisition of Covidien and ZimmerHoldings Inc's planned $13 billion purchase of Biomet. (Editing by Jeffrey Benkoe)
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<span id="midArticle_1"/>Franklin Lakes, New Jersey-based has hired investment bankJPMorgan Chase & Co to assist with a potential sale,which could fetch around $500 million, the sources said thisweek. They asked not to be named because the matter is private.
<span id="midArticle_2"/> <span class="first-article-divide"/>A Becton Dickinson representative said the company isconducting a strategic review of all of its businesses and nodecisions have been made. A spokeswoman for JPMorgan declined tocomment.
<span id="midArticle_3"/>A sale would come as Becton Dickinson looks to shed non-coreassets after its acquisition of CareFusion closed in March.
<span id="midArticle_4"/> <span class="second-article-divide"/>Becton Dickinson is also expected to sell its respiratorybusiness later this year, the sources added.
<span id="midArticle_5"/> <span class="third-article-divide"/>Cost-related healthcare reforms, including those mandatedunder President Barack Obama's Affordable Care Act, have spurredconsolidation among U.S. health systems and hospitals, the maincustomers for suppliers of medical equipment.
<span id="midArticle_6"/>Other large recent medical device deals include MedtronicPlc's $43 billion acquisition of Covidien and ZimmerHoldings Inc's planned $13 billion purchase of Biomet. (Editing by Jeffrey Benkoe)
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