Medical device giant Medtronic (MDT -1.3%) says it will sell its Physio-Control unit, which...

|About: Medtronic plc (MDT)|By:, SA News Editor

Medical device giant Medtronic (MDT -1.3%) says it will sell its Physio-Control unit, which provides emergency medical response equipment, to Bain Capital for $487M in cash. Without specifying exactly how, Medtronic says it expects to use some of the proceeds to offset any dilutive EPS impact from the deal.