Avanos (AVNS) Medical has entered into a definitive agreement with WRS Group, a privately held company based in Ann Arbor, Michigan, to sell substantially all assets and rights related to Avanos’ US Game Ready orthopedic rental business. WRS Group, which deals in orthopedic pain management and recovery solutions, specializes in cold and compression therapy for patients recovering from injury or surgery. WRS Group will assume ownership of all Game Ready US orthopedic rental assets effective Dec. 1. In addition, WRS and Avanos will enter into a long-term distribution and supply agreement covering the orthopedic and patient segments of the US business. As part of this partnership, Avanos will continue to manufacture and supply Game Ready systems and accessories while providing transition support through the end of 2025 to ensure uninterrupted service and support for customers, partners, and patients.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVNS:
