Covidien Ltd. selling incontinence business

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Covidien Ltd. announced it has agreed to sell its European incontinence business to a private French company for an undisclosed amount. With a major presence in Mansfield, MA, Covidien is a healthcare products company; when the deal is completed, something expected to happen in the second quarter, the French buyer plans to rename the business Lille Healthcare. Covidien's European incontinence business, which is headquartered in Lille, France, was formerly part of Covidien's Medical Supplies segment and had sales of $109 million in fiscal 2007, Covidien said.

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