Johnson & Johnson Said Exploring Sale of Cordis Devices Business

Johnson & Johnson, the world’s biggest maker of health-care products, is exploring a sale of its Cordis unit, which pioneered the market for drug-coated heart stents, a person with knowledge of the matter said.

The division, which sells products including catheters and stents, may fetch as much as $2 billion, said the person, who asked not to be identified because the information is private. The process is in the early stages, the person said.