More than a million NHS staff, including nurses, porters and paramedics, could expect pay increases of over 6% over three years, the BBC understands.
The deal, expected to be formally agreed by unions and ministers later, could cost as much as £4bn.
Laborie Medical Technologies is set to acquire Cogentix Medical for about $239 million in a deal that will close in the second quarter of 2018.
Cogentix was formed in late 2014 when urinary-incontinence device manufacturer Uroplasty merged with Orangeburg, NY-based Vision-Sciences.
Johnson & Johnson agree to a $2.1 billion offer from private equity shop Platinum Equity for its LifeScan blood glucose monitoring unit. This follows their wrapping up of the insulin pump brand Animas in Q4 of 2017.
Platinum Equity are not new to healthcare having set up SourceOne Healthcare technologies, an imaging products seller, on the back of buying healthcare divisions from Philips and PSS World Medical in 2002.