DUBLIN, Ohio — Cardinal Health has entered into exclusive talks and is near a deal to buy Medtronic’s medical supplies unit for approximately $6 billion, according to several published reports. The Medtronic division sells syringes, surgical instruments and much more.
Cardinal Health's current medical products business has been a bright spot for the company, on track to reach mid- to high-single-digit revenue growth, reported Reuters.
Cardinal Health in 2015 acquired Cordis from Johnson & Johnson, which sells many devices, including catheters, filters and stents.
Sources say the deal could be officially announced before the end of April. Medtronic and Cardinal Health did not comment when reached by news outlets.