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Vivo Capital Considers Sale of Surgical Specialties

  • The medical device maker can fetch more than $500 million
  • Surgical Specialties makes sutures, needles and medical knives

Vivo Capital is considering a sale of medical device maker Surgical Specialties Corp. that could fetch more than $500 million, people with knowledge of the matter said.

Vivo Capital is working with an adviser on a potential sale for the manufacturer of medical products such as sutures, needles and surgical knives, said the people, who asked not to be identified as the information is private. The healthcare-focused investment firm has reached out to several prospective suitors to gauge interest, the people said.