Bioventus Sells Advanced Rehabilitation Business to Accelmed Partners-February 2024-www.financetom.com

Bioventus Sells Advanced Rehabilitation Business to Accelmed Partners

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Bioventus Sells Advanced Rehabilitation Business to Accelmed Partners

Jan 2, 2025 6:31 AM

09:13 AM EST, 01/02/2025 (MT Newswires) -- Bioventus ( BVS ) said Thursday it has divested its Advanced Rehabilitation business under its Bioness unit to private equity firm Accelmed Partners.

The deal was first announced on Oct. 1 for a total cash consideration of $45 million.

Bioventus ( BVS ) said it gained net proceeds of about $20 million from the sale.

Shares of Bioventus ( BVS ) were down 2.4% in recent Thursday premarket activity.

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