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Avanos Medical

Avanos Medical picks former Siemens Healthineers leader as new CEO

March 17, 2025 By Sean Whooley

Avanos Medical (NYSE:AVNS) announced today that it appointed David Pacitti as its new CEO, effective April 14, 2025. Pacitti succeeds Joe Woody, who announced his retirement last October after seven years in the corner office. Michael Greiner served as interim CEO at the Alpharetta, Georgia-based company for the past several months. Avanos Medical’s new CEO […]

Filed Under: Business/Financial News Tagged With: Avanos Medical, Personnel Moves

Avanos Medical adds a new board member

July 1, 2024 By Sean Whooley

Avanos Medical (NYSE:AVNS) announced today that it appointed Indrani Franchini as a new independent member of its board of directors. Alpharetta, Georgia-based Avanos Medical develops a range of technologies, including solutions for pain management, chronic care,  digestive care and more. Offerings include feeding tubes, medication dosing solutions, infusion technology and radiofrequency ablation technology, among other […]

Filed Under: Business/Financial News Tagged With: Avanos Medical, Personnel Moves

Avanos Medical to acquire Diros Technology

June 20, 2023 By Danielle Kirsh

Avanos Medical this week announced it entered into a definitive agreement to acquire Diros Technology. Toronto-based Diros Technology develops radiofrequency (RF) products that are used to treat chronic pain conditions. Its technology delivers RF energy through precisely placed, minimally invasive probes that heat nervous tissue near the probe’s tip, deactivating the nerve’s ability to transmit […]

Filed Under: Business/Financial News, Catheters, Mergers & Acquisitions, News Well Tagged With: Avanos Medical, Diros Technology

Avanos Medical sells respiratory health business to SunMed

June 8, 2023 By Sean Whooley

Avanos Medical (NYSE:AVNS) announced today that it entered into a definitive agreement to sell its respiratory health business. The Alpharetta, Georgia–based medtech company agreed to sell the unit to SunMed Group Holdings, LLC. SunMed, headquartered in Grand Rapids, Michigan, manufactures and distributes consumable medical devices. Its product portfolio for anesthesia and respiratory care spans the […]

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions, News Well, Respiratory Tagged With: Avanos Medical, SunMed

Avanos shares plummet on mixed-bag Q1 results

May 3, 2023 By Danielle Kirsh

Avanos Medical this week posted first-quarter results that aligned with the earnings consensus on Wall Street but missed revenue estimates. Investors reacted by sending shares in AVNS down 15.81% to $24.38 apiece in afternoon trading. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was up slightly. The […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Avanos Medical

Avanos Medical has a serious recall of airway access device for young children

April 21, 2023 By Sean Whooley

The FDA today issued a notice labeling a recall by Avanos Medical (NYSE:AVNS) as Class I, the most serious kind. Avanos’ recall regards its Ballard Access closed suction system for neonates and pediatrics. These affected devices feature the Y-manifold or elbow manifold. Avanos reported four injuries and one death related to the issue with the […]

Filed Under: Food & Drug Administration (FDA), Hospital Care, News Well, Pediatrics, Recalls, Regulatory/Compliance, Respiratory Tagged With: Avanos Medical, FDA

Avanos Medical fills two new C-level posts

January 11, 2023 By Danielle Kirsh

Avanos Medical (NYSE:AVNS) today announced appointments to two new C-level positions on its leadership team. The company’s present SVP CFO Michael Greiner will also fill a chief transformation officer role. In addition, Avanos promoted Kerr Holbrook to SVP and chief commercial officer. Alpharetta, Georgia–based Avanos Medical is a developer of medtech that provides everything from […]

Filed Under: Business/Financial News, Pain Management Tagged With: Avanos Medical, Personnel Moves

Avanos Medical rises on mixed bag Q3

November 2, 2022 By Sean Whooley

Avanos Medical (NYSE:AVNS) shares rose this morning on third-quarter results that beat the consensus forecast. Shares of AVNS ticked up 3.5% at $23.20 apiece. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — ticked up by 1%. The Alpharetta, Georgia-based pain management and chronic care company posted profits […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Pain Management, Wall Street Beat Tagged With: Avanos Medical

Avanos Medical updates full-year revenue guidance on mixed-bag Q2 results

August 9, 2022 By Danielle Kirsh

Avanos Medical (NYSE:AVNS) today posted second-quarter results that beat the earnings consensus on Wall Street and missed revenue estimates. The Alpharetta, Georgia-based company reported profits of $11.4 million, or 24¢ per share, on sales of $203 million for the three months ended June 30, for a bottom-line loss of 69.9% on sales growth of 8.91% compared […]

Filed Under: Business/Financial News, MassDevice Earnings Roundup, Wall Street Beat Tagged With: Avanos Medical

Avanos Medical recall of Cortrak 2 enteral access system is Class I

May 18, 2022 By Danielle Kirsh

The FDA determined that Avanos Medical’s recall of some of its Cortrak 2 enteral access systems is Class I, the most serious kind. Alpharetta, Georgia-based Avanos Medical is recalling certain Cortrak 2 general access systems due to reports of injuries and patient deaths following nasoenteric or nasogastric tube misplacement. The recall includes all serial numbers […]

Filed Under: Catheters, Diagnostics Tagged With: Avanos Medical

Avanos rises as Q1 earnings match Wall Street projections

May 4, 2022 By Sean Whooley

Avanos Medical (NYSE:AVNS) shares ticked up today on first-quarter results that just about matched the consensus forecast. The Alpharetta, Georgia–based pain management and chronic care device company posted profits of $5.8 million, or 12¢ per share, on sales of $197.4 million for the three months ended March 31, 2022, for a bottom-line gain from losses […]

Filed Under: Business/Financial News, Catheters, Drug Pumps, Drug-Device Combinations, MassDevice Earnings Roundup, Neuromodulation/Neurostimulation, Pain Management, Wall Street Beat Tagged With: Avanos Medical, Avanos Medical (formerly Halyard Health)

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