Avanos Medical, Inc. /
OrthogenRx, Inc.
Avanos Medical adds OrthogenRx in a completed merger
- Price
- $130.0m
- Stage
- Closed
What happened
Avanos Medical, Inc. completed its merger with OrthogenRx, Inc. on January 20, 2022. OrthogenRx will operate as a wholly owned subsidiary of Avent, Inc.
The purchase price was $130.0 million in cash at closing, with up to an additional $30.0 million in contingent cash consideration tied to net sales growth during 2022 and 2023. OrthogenRx focuses on developing and commercializing treatments for knee pain caused by osteoarthritis.
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Avanos Medical adds OrthogenRx in a completed merger
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