---
schema_version: "secwatch.filing_event.v1"
accession: "0001606498-23-000018"
form_type: "8-K/A"
ticker: "AVNS"
cik: "0001606498"
company_name: "AVANOS MEDICAL, INC."
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T06:58:36.585054+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Avanos Medical estimates $20M-$25M cash costs for transformation; expects $45M-$55M gross savings by 2025

## Summary
- Cash expenses of $20M-$25M for transformation: $9M-$12M consulting/retention, $8M-$11M manufacturing/supply chain.
- Employee severance and benefits costs estimated at $6M-$8M.
- Anticipated savings of ~$10M in 2023; gross savings of $45M-$55M by 2025, mostly in 2024.
- Plan includes combining Chronic Care and Pain franchises, exiting low-margin products, and cost management.

## SEC filing metadata
- accession: 0001606498-23-000018
- form_type: 8-K/A
- ticker: AVNS
- cik: 0001606498
- company_name: AVANOS MEDICAL, INC.
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606498/000160649823000018/0001606498-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606498/000160649823000018/avns-20230110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606498-23-000018
- JSON: https://secwatch.observer/filing/0001606498-23-000018.json
- Plain text: https://secwatch.observer/filing/0001606498-23-000018.txt

## Key facts
- Restructurings & Charges
  AVANOS MEDICAL, INC. announced a restructuring with charges of between $20.0 million and $25.0 million affecting Chronic Care and Pain franchises (between $6.0 million and $8.0 million of employee severance and benefits costs).
  - Type: restructuring
  - Charge: between $20.0 million and $25.0 million
  - Affected area: Chronic Care and Pain franchises
  - Headcount: between $6.0 million and $8.0 million of employee severance and benefits costs
  source text: The Company now estimates it will incur between $20.0 million and $25.0 million of cash expenses in connection with the Transformation Process, consisting of between $9.0 million and $12.0 million of program management consulting and employee retention expenses; between $8.0 million and $11.0 million of expenses associated with manufacturing and supply chain improvements and portfolio rationalization; and the remainder for expenses associated with organizational design and alignment and other related activities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606498/000160649823000018/0001606498-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.