m_and_a
confidence high
sentiment positive
materiality 0.65
Avanos Medical acquires Nexus Medical for TKO anti-reflux connector; accretive to revenue/ EPS
AVANOS MEDICAL, INC.
- Acquisition of Nexus Medical, LLC, maker of TKO needleless connector technology for NICU/PICU.
- Financed with available cash; expected to be immediately accretive to both revenue growth and EPS.
- Adds complementary technology to Avanos' Specialty Nutrition Systems business.
- No purchase price disclosed; target is a privately held company based in Lenexa, Kansas.
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