ShockWave Medical, Inc. (NasdaqGS:SWAV) is weighing a potential deal after receiving takeover interest, people familiar with the matter said. The company has been working with an adviser to study possibilities including a merger or partnership with another health-care company, according to the people, who asked not to be identified because the information is private. Shockwave Medical's deliberations are ongoing, and there's no certainty they will lead to a transaction, the people said.

A representative for Shockwave Medical declined to comment.