Nova Biomedical is exploring a potential sale that could value it at more than $2 billion, people with knowledge of the matter said. The privately-held medical device maker is working with advisers to gauge interest from potential buyers, the people said, asking not to be identified discussing confidential information. Waltham, Massachusetts-based Nova Biomedical has drawn interest from large private equity firms, as well as strategic buyers, according to the people. Deliberations are ongoing and there’s no certainty they’ll result in a deal, they said. Nova Biomedical develops and manufactures medical devices and diagnostics equipment that can be used by health-care providers for advanced blood testing and analysis, according to its website.
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Source: https://www.bnnbloomberg.ca/business/company-news/2024/08/16/medical-device-maker-nova-biomedical-is-exploring-a-sale/