American Industrial Partners Acquires Avanos Medical, Inc. for $1.27 Billion

American Industrial Partners (“AIP”), an operationally-oriented industrials investor, today announced the closing of the acquisition of Avanos Medical, Inc. (“Avanos” or the “Company”) by affiliates of investment funds advised by AIP in a transaction valued at approximately $1.272 billion.

Under the terms of the merger agreement, Avanos stockholders will receive $25.00 per share in cash for each share of common stock they own. With the completion of the transaction, the Company’s common stock will cease trading on the New York Stock Exchange and Avanos will become a private company.

Read more at PR Newswire