Healthcare conglomerate Danaher Corp (DHR.N) has teamed up with Blackstone Group LP (BX.N) to bid for Johnson & Johnson's (JNJ.N) diagnostics unit, which makes blood screening equipment and laboratory blood tests and could fetch more than $4 billion, according to people familiar with the matter. The Danaher-Blackstone consortium is competing against several private equity bidders for J&J's Ortho Clinical Diagnostics unit, including Bain Capital LLC; Carlyle Group LP (CG.O); BC Partners Ltd; and a partnership of CVC Capital Partners Ltd and Leonard Green & Partners LP, the people said. J&J, which received preliminary offers for the division in late September, is seeking a new, interim round of bids by November 11, the people said on Thursday, asking not to be named because the matter is confidential.
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