J&J Said to Be in Talks on Sale of Cordis, With Cardinal Leading

JNJJohnson & Johnson, the world’s biggest maker of health-care products, is in talks to sell its Cordis unit, with Cardinal Health Inc. the leading suitor, people with knowledge of the matter said.

Cordis has also garnered interest from other potential bidders who may remain in the process, said the people, who asked not to be identified because the information is private. No agreement has been reached and the talks could still fall apart. Cordis may fetch as much as $2 billion in a sale, a person familiar with the situation said in August.

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About Peter Coffaro 1439 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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