GE among companies studying Medtronic businesses, Bloomberg reports

Siemens Healthineers (SMMNY) and General Electric’s (GE) healthcare unit are the among parties studying a potential acquisition of two businesses being spun off by Medtronic (MDT), Dinesh Nair, Manuel Baigorri, and Michelle Davis of Bloomberg report, citing people familiar with the matter. Medtronic’s patient-monitoring and respiratory-intervention businesses are also drawing interest from private equity firms, sources told Bloomberg. Medtronic is in the process of spinning off the units but is open to outright sales at the right price, according to the people. The businesses could be valued at more than $7B, they said. Deliberations are ongoing and there’s no certainty they’ll lead to any offers, according to Bloomberg. Reference Link