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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVNS:
