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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