British conglomerate plans to sell medical supply unit

London-based conglomerate Johnson Matthey plans to divest its medical supply unit, people familiar with the matter told Bloomberg

Johnson Matthey has worked with more than 500 million medical components for "electrophysiology, vascular intervention, cardiac rhythm management, neuromodulation and cochlear therapy areas," according to its website

The deal could reach hundreds of millions of dollars, the news outlet reported May 31. 

Goldman Sachs Group is teed up to coordinate the purported sale, and neither company commented on the matter.

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars