Novo Holdings invests in ForYou Medical to support global growth in advanced wound care manufacturing
Novo Holdings has acquired a minority stake in the Chinese CDMO ForYou Medical to expand its footprint in the advanced wound care manufacturing sector. This partnership aims to leverage China's manufacturing capabilities to support global healthcare demand for specialized medical technologies.
Why it matters
The investment highlights the growing importance of China as a global hub for medical device manufacturing and the strategic interest of major investment firms in the aging-population-driven wound care market.
SINGAPORE , Sept. 10, 2026 /PRNewswire/ -- Novo Holdings, a leading global healthcare and life sciences investor, today announced a strategic minority investment in Huizhou ForYou Medical Devices Co., Ltd. ("ForYou Medical"), a China-based contract development and manufacturing organisation (CDMO) specialising in advanced wound care products. GL Capital, one of China's leading healthcare-focused private equity firms, will remain the company's majority shareholder.
The investment reflects Novo Holdings' conviction in the long-term growth of advanced wound care, increasing global demand for specialised healthcare manufacturing, and China's important role in delivering high-quality medical technologies to healthcare companies around the world.
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