Bioventus Completes Divestiture of its Advanced Rehabilitation Business to Accelmed Partners
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Bioventus Inc. has completed the sale of its Advanced Rehabilitation business to Accelmed Partners, enhancing its focus on core operations and improving liquidity with $20 million in proceeds.
January 02, 2025 | 1:15 pm
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Bioventus Inc. has divested its Advanced Rehabilitation business to Accelmed Partners, receiving $20 million to enhance liquidity and focus on core operations.
The divestiture allows Bioventus to concentrate on its core business areas and improves its financial position with $20 million in proceeds, likely leading to a positive short-term impact on its stock price.
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