Avanos Medical Hires Banker Following Takeover Bid – Source

Avanos Medical has retained a banker to assist with its strategic options following a recent takeover proposal, according to informed sources. This move comes in response to mounting interest in the firm, which specializes in medical devices. The decision to engage a financial advisor indicates that the company is exploring various paths for growth and potential partnerships as it navigates the competitive landscape of the healthcare industry. Further details regarding the takeover bid have not been disclosed, but the involvement of a banker suggests that Avanos is taking the matter seriously and is open to evaluating its alternatives.