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Diros Technology Inc. has been acquired by Avanos Medical, Inc.
About the client
Diros Technology designs and manufactures high-quality radiofrequency medical equipment for patients with chronic pain conditions. The Toronto-based business was owned by our client since 1983 and has grown to become a leader in radiofrequency technology.
Avanos Medical, a leader in medical technology for pain management and chronic care, approached Diros with a desire to make an acquisition. The two companies share a commitment to innovation and growth in the industry, and the proposed transaction was viewed as highly beneficial to both parties.
Diros understood the importance of having strong advisors to guide the company through the sales process, and approached Grant Thornton to ensure a smooth, fair, and successful transaction.
Our M&A team supported Diros with navigating the sales process, including assistance with negotiating key deal terms and facilitating their negotiations with the buyer. Under new ownership from Avanos, Diros will benefit from increased resources and greater global reach, providing additional opportunity to continue the company’s strong growth trajectory.
Fast facts
Client
Diros Technology Inc.
Transaction type
Divestiture
Services provided
M&A
Sector
Healthcare
Close date
July, 2023
The client experience
“Avanos Medical understands our commitment to providing innovative radiofrequency products and I look forward to Diros Technology continuing to grow under their ownership. I’m grateful for the professional advice the Grant Thornton team provided each step of the way to help make this deal a reality.”
Diros Technology Inc.
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