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Private equity firms Blackstone and TPG are reportedly looking to buy the company's surgical unit for more than 4 billion dollars. This division focuses on tools for minimally invasive procedures, which is a steady business but different from the company's core focus on diagnostic testing and breast imaging.
Selling this unit would give the company a large pile of cash to focus on its most profitable areas. The business already makes a lot of money from its diagnostic test kits, and 4 billion dollars would allow it to either buy back more of its own shares or acquire smaller companies that fit better with its main health screening and testing technology.
Source: Reuters
Management has a very consistent habit of setting a bar they can clear, beating expectations in almost every quarter for the last two years.