Covidien divests part of medical supplies unit
This article was originally published in The Gray Sheet
Executive Summary
Covidien will sell its European incontinence product business to a private French firm for undisclosed terms under a definitive agreement announced Feb. 19. Previously a part of Covidien's struggling medical supplies unit, the divested business had sales of $109 million in fiscal 2007. Last December, Covidien sold its diaper-making retail unit for $335 million (1"The Gray Sheet" Jan. 7, 2008, p. 20)