Cardinal Health looks to acquire Medtronic's medical supplies unit for $6B

Dublin, Ohio-based Cardinal Health is nearing a deal with Minneapolis-based Medtronic to acquire its medical supplies business for approximately $6 billion, an unnamed source told Reuters Wednesday.

Medtronic and Cardinal Health already entered into exclusive talks over the medial supplies unit, and an official deal may be announced later this month, the source said.

The source also noted it's possible negotiations do not result in a successful deal, according to the report.

Bloomberg broke news of Medtronic's interest in divesting the unit, which sells everything from syringes to monitoring equipment, in early February. The sale would mainly offload assets Medtronic gained through its $42.9 billion acquisition of Covidien in 2014, according to the report.

Medtronic and Cardinal Health declined Reuter's request for comment.

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