Health Tech Firms Kestra and Heartflow Prepare IPOs, FT Says

Bain-backed medical device makers Kestra Medical Technologies and Heartflow Inc. are working with advisers to prepare initial public offerings, the Financial Times reports citing people familiar with the matter.

The listings could come as soon as the first half of this year, the people told the FT. Kestra is working with Bank of America Corp.and Heartflow with JPMorgan Chase & Co. The report didn’t specify the funding target or listing price of the potential share sales.

Kestra Medical Technologies makes wearable medical devices for cardiac patients, while Heartflow’s products include a device to diagnose coronary heart disease.

Heartflow, ...