Brief: Avanos Medical Plans To Pursue Efficient Capital Allocation Strategies, Including Through Acquisitions That Meet Strategic And Financial Criteria

Avanos Medical

11/01/2023 12:57

Jan 11 (Reuters) - Avanos Medical Inc  AVNS.N :
    * AVANOS MEDICAL - PLANS TO PURSUE EFFICIENT CAPITAL
ALLOCATION
STRATEGIES, INCLUDING THROUGH ACQUISITIONS THAT MEET STRATEGIC
AND FINANCIAL CRITERIA
    * AVANOS MEDICAL - UNABLE TO ESTIMATE TOTAL AMOUNT EXPECTED
TO BE
INCURRED FOR EACH MAJOR COST ASSOCIATED WITH TRANSFORMATION
PROCESS 
    * AVANOS MEDICAL INC - ON JANUARY 10, 2023, AVANOS MEDICAL,
INC
APPROVED A THREE-YEAR TRANSFORMATION PROCESS
    * AVANOS MEDICAL INC -  PLANS TO EXIT CERTAIN LOW-MARGIN,
LOW-GROWTH PRODUCT CATEGORIES, INCLUDING THROUGH TARGETED
DIVESTITURES
    * AVANOS MEDICAL INC - PLANS TO UNDERTAKE ADDITIONAL COST
MANAGEMENT ACTIVITIES TO ENHANCE COMPANY'S OPERATING
PROFITABILITY
    * AVANOS MEDICAL - PURSUANT TO TRANSFORMATION PROCESS CO
PLANS TO
COMBINE CHRONIC CARE & PAIN FRANCHISES INTO SINGLE COMMERCIAL
ORGANIZATION

Further company coverage:  AVNS.N 
 ((Reuters.Briefs@thomsonreuters.com;))