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Report: Vivo Capital looks to exit Surgical Specialties

Vivo Capital LLC is weighing a sale for Surgical Specialties Corp. and hired an adviser to gauge buyer interest, Bloomberg News reported, citing people with knowledge of the matter.

The medical-device maker could be worth more than $500 million.

Vivo Capital and ZQ Capital Ltd. co-led an investor group to acquire the Canadian company, then known as Angiotech Pharmaceuticals Inc., in 2017, Bloomberg said.

Representatives for Vivo Capital and Surgical Specialties did not immediately answer requests for comment, according to Bloomberg.