Avanos Medical Inc

NYSE:AVNS   10:30:43 AM EDT
28.23
-0.91 (-3.12%)
Debt Financing / Related

Avanos Medical To Acquire OrthogenRx

Published: 12/13/2021 21:18 GMT
Avanos Medical Inc (AVNS) - Avanos Medical, Inc. Announces Agreement to Acquire Orthogenrx, Inc.avanos Medical Inc - Deal to Acquire Orthogenrx for $160 Million.
Avanos Medical Inc - Purchase Price Consists of $130 Million in Cash at Closing Plus an Additional $30 Million in Contingent Cash Consideration.
Avanos Medical Inc - Estimates That New Business Will Contribute Approximately $65 Million in 2022 Revenue.
Avanos Medical Inc - Estimates That New Business Will Be Immediately Accretive to Gross and Operating Margins.
Avanos Medical Inc - Will Finance Deal With Orthogenrx Through a Combination of Funds From Its Existing Credit Facility and Available Cash.