Avanos Medical Earlier Monday Announced Agreement to Acquire Diros Technology; Terms Not Disclosed
Portfolio Pulse from Charles Gross
Avanos Medical (NYSE: AVNS) has announced a definitive agreement to acquire Diros Technology, a leading manufacturer of radiofrequency products for chronic pain treatment. The deal is expected to close in Q3 2023 and be immediately accretive to revenue growth, gross margins, operating margins, and EPS.
June 19, 2023 | 11:13 pm
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Avanos Medical's acquisition of Diros Technology is expected to be immediately accretive to revenue growth, gross margins, operating margins, and EPS.
The acquisition of Diros Technology by Avanos Medical is expected to have a positive short-term impact on AVNS stock price. The deal is expected to be immediately accretive to revenue growth, gross margins, operating margins, and EPS, which are key financial metrics for investors. This news is highly relevant and important for AVNS investors, and the confidence in this analysis is high based on the information provided in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100