Medtronic (NYSE: MDT) + and private equity firm Carlyle Group reportedly entered negotiations over two units the medtech giant put on the spinoff block.
Nearly a year ago, Medtronic announced its intention to pursue a separation of its Patient Monitoring and Respiratory Interventions businesses. Both are part of the company’s Medical Surgical portfolio. Months later, reports surfaced citing Siemens Healthineers and GE HealthCare among those interested in the units. Later reports suggested ICU Medical joined the running as well.
However, Reuters reports that the company may go outside of medtech to sell its businesses. The outlet says Carlyle entered into exclusive negotiations for a majority stake in the units, valued at more than $7 billion. Reuters cited “people familiar with the matter.”
The report says, if a deal goes through, the units would move to a new company majority-owned by Carlyle. Medtr…