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Apollo Global Management is reportedly in talks to acquire Johnson & Johnson's orthopedics business, according to people familiar with the matter. The potential deal would mark a significant divestiture for J&J as it continues to streamline its portfolio toward higher-growth pharmaceutical and medtech segments. Details of the potential transaction, including valuation and timing, have not been disclosed. If completed, the deal would be one of the largest private equity moves in the medical device space this year, reflecting continued consolidation and portfolio reshuffling among major health care companies.