Teva to sell womens health assets to CVC Capital Partners: report

Teva Pharmaceutical Industries Ltd is close to a deal to sell its women’s health assets outside the United States to private equity firm CVC Capital Partners, the Fly reported, citing Bloomberg.

The assets could be valued at about $800 million, according to the Bloomberg report.

Israel-based Teva, the world’s largest maker of generic drugs, has been looking at divestures to help pare its $35 billion debt pile.

The company on Monday agreed to sell its contraceptive brand, Paragard, a part of its women’s health business, to a unit of Cooper Cos for $1.1 billion, on a day the company named industry veteran Kare Schultz as CEO.

CVC Capital was not immediately available for comment, while Teva said it does not respond to market rumors.