H&F weighs $9 billion-plus sale of medical device maker Cordis, Bloomberg News reports-March 2024-www.financetom.com

H&F weighs $9 billion-plus sale of medical device maker Cordis, Bloomberg News reports

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H&F weighs $9 billion-plus sale of medical device maker Cordis, Bloomberg News reports

Mar 11, 2026 12:55 AM

Jan 16 (Reuters) - U.S. private equity firm ‌Hellman &

Friedman is in early-stage talks for a potential sale of ‍medical

devices maker Cordis ( JNJ ), ⁠seeking ⁠a value of over $9 billion,

Bloomberg News ‌reported on Friday, citing people familiar with

the matter.

About half a ⁠dozen publicly ‍traded medical device companies

are currently evaluating potential bids for Cordis ( JNJ ), ‍the report

added.

Hellman & Friedman bought Cordis ( JNJ ) from Cardinal Health in

2021 for about $1 billion, six years after Johnson & Johnson

sold ‍it.

Cordis ( JNJ ) is known for making cardiovascular devices such as

catheters and stents.

H&F declined to comment. Cordis ( JNJ ) and one of its investors KKR

did not immediately respond to Reuters' requests for

comment outside of regular business hours.

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