Siemens Healthineers, GE Healthcare Eye Medtronic Units (1)

Siemens Healthineers AG and General Electric Co.’s health-care arm are among parties studying a potential acquisition of two businesses being spun off by medical device maker Medtronic Plc, people familiar with the matter said.

Medtronic’s patient-monitoring and respiratory-intervention businesses are also drawing interest from private equity firms, the people said, asking not to be identified discussing confidential information.

Dublin-based Medtronic is in the process of spinning off the units but is open to outright sales at the right price, according to the people. The businesses could be valued at more than $7 billion, they said.

Deliberations are ongoing ...