According to Reuters, Franklin Lakes, N.J.-based Becton, Dickinson & Co. is exploring a sale of its V. Mueller surgical instruments business following its $12 billion acquisition of CareFusion Corp.
Reuters sources—who asked not to be named because the matter is private—claim the company hired investment bank JPMorgan Chase & Co. to assist with the sale. The deal could be worh as much as $500 million, according to the unnamed sources.
A representative for BD said the company was planning a "strategic review" of all of its businesses and that no decisions have been made. Sources also said the company might be looking to sell its respiratory business this year as well.
Becton Dickinson is also expected to sell its respiratory business later this year, the sources added.