Halyard Health explores sale of hospital product unit: sources [Reuters]
HALYARD HEALTH INC (HYH)
Last halyard health inc earnings: 5/2 07:00 am
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Source: Reuters
Halyard Health explores sale of hospital product unit: sources n"U.S. medical products supplier Halyard Health Inc ( HYH.N ) is exploring a sale of its surgical and infection prevention business that could fetch more than $600 million, people familiar with the matter said on Monday. The divestment would allow Halyard to shift its focus away from commoditized hospital products, such as sterilization wrap, surgical drapes and gowns, and concentrate on its medical devices business, focused largely on post-operative pain management. Halyard has retained investment bank Deutsche Bank AG ( DBKGn.DE ) to run a sale process for the surgical and infection prevention business, the people said. There is no guarantee that the process will result in any deal, the sources said. The sources asked not to be identified because the deliberations are confidential. Halyard Health and Deutsche Bank did not immediately respond to requests to comment. Headquartered in Alpharetta, Georgia, Halyard has a ma
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