Welcome to our dedicated page for Avanos Medical news (Ticker: AVNS), a resource for investors and traders seeking the latest updates and insights on Avanos Medical stock.
Avanos Medical, Inc. (NYSE: AVNS) is a medical technology company headquartered in Alpharetta, Georgia, with a portfolio focused on nutrition support and opioid-sparing pain management. This news page aggregates company-issued updates and market-moving announcements so readers can follow how Avanos executes its strategy across its Specialty Nutrition Systems (SNS) and Pain Management & Recovery (PM&R) segments.
Recent news releases highlight financial results, segment performance and portfolio changes. Avanos regularly reports quarterly results, detailing net sales, operating income and segment trends for SNS and PM&R, along with non-GAAP measures such as adjusted operating income, adjusted net income, adjusted diluted earnings per share, adjusted EBITDA and free cash flow. These earnings updates often discuss demand in life-sustaining enteral feeding and neonate solutions, momentum in radiofrequency ablation (RFA) solutions and changes in surgical pain and recovery product volumes.
News coverage also includes strategic transactions and partnerships. Avanos has announced the divestiture of its Hyaluronic Acid product line, including TriVisc and GenVisc 850, to Channel-Markers Medical, and an agreement for WRS Group to acquire its US Game Ready orthopedic rental business while Avanos continues to manufacture and supply Game Ready systems and accessories under a long-term agreement. On the acquisition side, Avanos has reported the purchase of Nexus Medical, adding TKO anti-reflux needleless connector technology to its Specialty Nutrition Systems business.
In addition, Avanos issues updates on leadership changes, organizational restructuring and investor events, such as webcasts of earnings conference calls and presentations at healthcare conferences. Investors and observers can use this page to review how Avanos communicates its transformation progress, portfolio focus and financial performance over time.
Avanos Medical (NYSE: AVNS) has announced the acquisition of Nexus Medical, a private medical device company known for its proprietary TKO® anti-reflux needleless connector technology. The technology is specifically designed for safer nutrition and medication delivery in high-acuity settings like NICUs and PICUs.
The strategic acquisition enhances Avanos' Specialty Nutrition Systems business, particularly strengthening its position in neonatal patient care. The TKO® technology features a patented pressure-activated tri-seal silicone valve that reduces blood reflux issues during IV-based treatments.
The transaction was financed with available cash and is expected to be immediately accretive to revenue growth and earnings per share.
Avanos Medical (NYSE:AVNS) has announced two significant leadership changes. Scott Galovan has been appointed as Senior Vice President and Chief Financial Officer, effective August 1, 2025. Galovan, who previously served as SVP of strategy and corporate development at Avanos, brings 12 years of company experience and a strong background in acquisitions and divestitures.
Additionally, CEO David Pacitti has been appointed to the company's Board of Directors, also effective August 1, 2025. In his CFO role, Galovan will oversee global finance, treasury, tax, corporate development, investor relations, accounting, and the Enterprise Program Management Office, reporting directly to Pacitti.
Avanos Medical (NYSE:AVNS) reported Q2 2025 financial results with total net sales of $175.0 million, up 1.9% year-over-year. The company posted a net loss of $76.8 million, compared to net income of $4.3 million in Q2 2024, primarily due to a $77.0 million goodwill impairment charge.
The Specialty Nutrition Systems segment showed strong performance with net sales of $102.7 million, while Pain Management & Recovery segment reached $61.0 million. The company announced the divestiture of its HA product line to Channel-Markers Medical and maintained its 2025 guidance of revenue between $665-685 million and adjusted EPS of $0.75-0.95.
Avanos Medical (NYSE:AVNS) has announced the divestiture of its Hyaluronic Acid (HA) product line to Channel-Markers Medical (CMM), a private company in Raleigh, NC. The divested portfolio includes TriVisc® and GenVisc® 850 injection products for osteoarthritis knee pain treatment.
The strategic move aligns with Avanos' transformation strategy to focus on its core segments in Pain Management & Recovery and Specialty Nutrition Systems. The ownership transfer is effective immediately, with Avanos providing transition support through the end of 2025 to ensure continuity of service.
Avanos Medical (NYSE: AVNS) has scheduled a conference call to discuss its second quarter 2025 financial results on Tuesday, August 5, at 9 a.m. ET. The company will release its financial results before the market opens on the same day.
The call will be led by CEO Dave Pacitti, interim CFO Jason Pickett, and SVP of Strategy Scott Galovan. Investors can join via phone using an automatic registration link or dial in manually. A simultaneous webcast and presentation will be available through the company's investor relations website, with replay access available for one week after the call.
Avanos Medical (NYSE: AVNS) has scheduled a conference call to discuss its first quarter 2025 financial results on Tuesday, May 6 at 9 a.m. ET. The company will release its detailed results before the market opens on the same day.
The conference call will feature key leadership including CEO Dave Pacitti, interim CFO Jason Pickett, SVP of Strategy and Corporate Development Scott Galovan, and Board Chairman Gary Blackford. Participants can join via phone through an automatic registration system or through manual dialing options.
A simultaneous webcast and presentation will be available through the Investors section of Avanos Medical's website. The replay will be accessible for one week following the call.
Avanos Medical (NYSE: AVNS) announced it will take direct control of sales and distribution for its MIC-KEY enteral feeding products in the United Kingdom starting July 25, 2025. This change ends a 29-year distribution partnership with Vygon UK, who has been distributing the MIC* and MIC-KEY product family.
The strategic transition aims to strengthen Avanos' direct relationship with healthcare professionals and patients, while ensuring product availability and customer support. MIC-KEY, a low-profile feeding tube system for enteral nutrition, is currently distributed in over 60 countries across six continents and has been trusted by clinicians and patients for over 25 years.
Avanos will provide guidance to healthcare providers currently purchasing through Vygon UK to ensure a smooth transition with minimal disruption to the ordering process.
Avanos Medical (NYSE: AVNS) has appointed David Pacitti as its new Chief Executive Officer, effective April 14, 2025. Pacitti joins from Siemens Medical Solutions USA, where he served as president and Head of the Americas for Siemens Healthineers, overseeing marketing, sales, service, and support functions across North and Latin America.
Pacitti brings extensive healthcare industry experience, including leadership roles at Abbott Vascular, where he served as division vice president of U.S. commercial operations and played key roles in launching the company's first drug-eluting stent franchise. His prior experience includes positions at Guidant Corp from 1995 to 2006.
Currently, Pacitti serves as chair of AdvaMed Medical Imaging Technology Division's board and holds board positions at Orchestra BioMed and the Siemens Foundation. He holds a bachelor's degree from Villanova University and an MBA from the University of Maryland.