Avanos Medical Inc, formerly Halyard Health, announces the completion of its acquisition of CoolSystems Inc, provider of the Game Ready line of cold therapy and compression therapy systems, for $65 million in cash.
“The closing of this acquisition is an important milestone as we move forward as a pure-play medical devices company,” says Joe Woody, Avanos chief executive officer, in a media release from the Alpharetta, Ga-based company.
“Game Ready expands Avanos’ non-opioid pain management portfolio and increases our connection to the orthopedics market, which we expect to drive growth in our leading ON-Q* pain relief therapy,” he adds.
The Game Ready product line, used in the pain management and rehabilitation of patients recovering from orthopedic surgery or sports-related injuries, includes the GRPro 2.1 cold and compression therapy system, Med4 Elite multi-modality therapy unit, ATX Wraps, and a variety of product accessories—all of which complement Avanos’ existing Pain Management portfolio, according to the company.
[Source(s): Avanos Medical Inc, PR Newswire]
