Brief: Bioventus Announces Divestiture Of Wound Business

Bioventus

10/05/2023 14:40

May 10 (Reuters) - Bioventus Inc  BVS.O :
    * BIOVENTUS ANNOUNCES DIVESTITURE OF ITS WOUND BUSINESS
    * BIOVENTUS ANNOUNCES DIVESTITURE OF ITS WOUND BUSINESS
    * BIOVENTUS - DIVESTITURE OF WOUND BUSINESS REDUCES
COMPANY'S
ANNUAL REVENUE BY APPROXIMATELY $40 MILLION AND ANNUAL ADJUSTED
EBITDA BY APPROXIMATELY $5 MILLION.
    * BIOVENTUS INC - TRANSACTION INCLUDES A TOTAL CASH
CONSIDERATION
OF $85 MILLION
    * BIOVENTUS INC - AT TIME OF CLOSE COMPANY EXPECTS TO NET
APPROXIMATELY $30 MILLION AFTER FEES AND EXPENSES WHICH WILL BE
USED TO REPAY EXISTING DEBT

Source text for Eikon:  ID:nGNX5P1rD9 
Further company coverage:  BVS.O 

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