Chester County businessman Robert Miller was chosen by Novastone Capital Advisors, an international investment firm, to launch a search fund to acquire a healthcare manufacturing company, preferably in the Philadelphia region. “Because of Philadelphia’s position in that market, with a lot of pharmaceutical companies and diagnostic companies between New Jersey, Wilmington, Philadelphia, and the Lehigh Valley, I think there’s a lot of opportunity to find a business that’s maybe family-owned or privately held that doesn’t have a succession plan,” said Miller. Miller, supported by institutional capital and an operator-led model, will target companies with enterprise values between $10 million and $30 million. However, he mentioned he could pay up to $50 million for the best match.
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Source: https://www.msn.com/en-us/money/companies/chester-county-businessman-launches-pursuit-of-healthcare-acquisition-in-philadelphia-area/ar-AA1JT3NN