Avanos acquires Nexus Medical, terms not disclosed

Avanos (AVNS) Medical announced the acquisition of Nexus Medical, a privately held medical device company based in Lenexa, Kansas. Nexus is the maker of the proprietary TKO anti-reflux needleless connector technology, designed to support safer, more consistent nutrition and medication delivery in high-acuity settings, including Neonatal and Pediatric Intensive Care Units. Avanos financed the acquisition with available cash. The company expects the acquisition to be immediately accretive to both revenue growth and earnings per share.