Avanos Medical, Inc. (NYSE: AVNS), a leading medical technology company, announces it has entered into a definitive agreement to be acquired by affiliates of American Industrial Partners (“AIP”), an operationally-oriented industrials investor, in an all-cash transaction that values Avanos at an enterprise value of approximately $1.272 billion. Headquartered in Alpharetta, Georgia, Avanos is committed to addressing some of today’s most important healthcare needs, including providing a vital lifeline for nutrition to patients from hospital to home, and reducing the use of opioids while helping patients move from surgery to recovery.
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Source: https://www.prnewswire.com/news-releases/avanos-medical-inc-agrees-to-be-acquired-by-american-industrial-partners-for-approximately-1-272-billion-302741322.html