J&J announced plans last October to separate its orthopedics business. Bloomberg News reported in February that several buyout firms were considering teaming up to bid for the unit. https://www.bloomberg.com/news/articles/2026-09-11/apollo-global-is-said-in-talks-to-acquire-j-j-s-orthopedics-unit?taid=6aa49ab6d5b7470001e01a68&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter