M&A Deal Summary

Avanos Acquires OrthogenRx

On December 13, 2021, Avanos acquired medical products company OrthogenRx for 160M USD

Acquisition Highlights
  • This is Avanos’ 3rd transaction in the Medical Products sector.
  • This is Avanos’ 2nd largest (disclosed) transaction.
  • This is Avanos’ 3rd transaction in the United States.
  • This is Avanos’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-12-13
Target OrthogenRx
Sector Medical Products
Buyer(s) Avanos
Deal Type Add-on Acquisition
Deal Value 160M USD
Advisor(s) Canaccord Genuity (Financial)
Blank Rome (Legal)

Target

OrthogenRx

Doylestown, Pennsylvania, United States
OrthogenRx is a medical device company focused on the development and commercialization of treatments for knee pain caused by osteoarthritis (OA). OA is the most common cause of knee pain, causing sufferers significant pain and disability. OrthogenRx was founded in 2012 and is based in Doylestown, Pennsylvania.

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Buyer(S) 1

Buyer

Avanos

Alpharetta, Georgia, United States
Category Company
Founded 2014
Sector Medical Products
Employees3,771
Revenue 673M USD (2023)
DESCRIPTION

Avanos is a medical technology company that provides healthcare solutions focused on preventing infection, eliminating pain and speeding recovery. Avanos was founded in 2014 and is based in Alpharetta, Georgia.

DEAL STATS #
Overall 3 of 4
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 3 of 4
State (Pennsylvania) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Game Ready

Concord, California, United States

CoolSystems, Inc. is a developer, manufacturer and marketer of the Game Ready® product line, used in the pain management and rehabilitation of patients recovering from orthopedic surgery or sports-related injuries. Its product line includes GRPro® 2.1 cold and compression therapy system; Med4 Elite™ multi-modality therapy unit; ATX® Wraps; and a variety of product accessories, all of which complement Halyard's existing Pain Management portfolio.

Buy $65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Avanos Medical - Respiratory Health Business

Alpharetta, Georgia, United States

Avanos Medical's Respiratory Health Business provides BALLARD*, MICROCUFF*, and endOclear® brands including closed suction catheters, endotracheal tubes, and oral care solutions.

Sell -
Mergr

Product

Company

Legal