TransMedics plans to go public

The medical device company TransMedics plans an initial public offering of its common stock.

The Andover company did not disclose any terms of the offering, such as how many shares will be offered and at what price, but indicated the maximum offering price could total $86.3 million.

TransMedics has focused most of its efforts on developing and marketing a system to enable transplantation of beating hearts and other functioning organs.
(AP)