(Reuters) — Medical equipment supplier Becton Dickinson & Co. (NYSE:BDX) is exploring a sale of its V. Mueller surgical instruments business following its $12 billion acquisition of peer CareFusion, according to people familiar with the matter.
Franklin Lakes, N.J.-based BD hired investment bank JPMorgan Chase & Co. to assist with a potential sale, which could fetch around $500 million, the sources said this week. They asked not to be named because the matter is private.
A Becton Dickinson representative said the company is conducting a strategic review of all of its businesses and no decisions have been made. A spokeswoman for JPMorgan declined to comment.
A sale would come as BD looks to shed non-core assets after its acquisition of CareFusion closed in March.
Becton Dickinson is also expected to sell its respiratory business later this year, the sources added.
Cost-related healthcare reforms, including those mandated under President Barack Obama’s Affordable Care Act, have spurred consolidation among U.S. health systems and hospitals, the main customers for suppliers of medical equipment.
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