Novanta to Raise $300M in Private Placement to Fund $1.2B Riverpoint Medical Purchase
Novanta Inc. announced a $300 million private placement and an agreement to acquire Riverpoint Medical for $1.2 billion plus a $250 million milestone, triggering a 6.3% premarket share decline. The company expects the deal to be immediately accretive to adjusted diluted EPS in 2026 and to roughly double recurring medical consumables revenue, while …