About Avanos
Avanos is a company based in Alpharetta (United States) founded in 2014 was acquired by Myairlife in October 2023.. The company has 2,230 employees as of December 31, 2024. Avanos has completed 4 acquisitions, including Avanos Medical, Diros Technology and Endoclear. Avanos operates in a competitive market with competitors including Soovu, SpinaFX Medical, AVACEN Medical, Dhama Innovations and Avancen, among others.
- Headquarter Alpharetta, United States
- Employees 2230 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Avanos Medical, Inc.
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Annual Revenue
$687.8 M2.15as on Dec 31, 2024
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Net Profit
$-392.1 M-534.47as on Dec 31, 2024
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EBITDA
$85.5 M-21.2as on Dec 31, 2024
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Latest Funding Round
$250 M (USD), Debt – Conventional
Jan 18, 2019
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Investors
Citi
& 1 more
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Employee Count
2230
as on Dec 31, 2024
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Investments & Acquisitions
Avanos Medical
& 3 more
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Acquired by
Myairlife
(Oct 09, 2023)
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IPO & Listings of Avanos
Avanos is a publicly listed company on the NYSE with ticker symbol AVNS in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Sales and Marketing
72 people
Software Development Team
47 people
Leadership Team
41 people
Human Resources and Administration
14 people
Operations Team
11 people
Account Team
8 people
Clinical Team
7 people
Senior Team
5 people
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Funding Insights of Avanos
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $250.0M
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First Round
First Round
(18 Jan 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Debt – Conventional - Avanos | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avanos
Avanos has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Citi and AirLife. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified financial services are offered through commercial banking operations.
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Founded Year | Domain | Location | |
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AirLife is recognized as a leading manufacturer and distributor of consumable medical devices for anesthesia and respiratory care in North America.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avanos
Avanos has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Avanos Medical, Diros Technology and Endoclear. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Generic Class III medical devices in orthopedics are developed.
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2012 | ||||
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Devices to clear away film and blockages in breathing tubes
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2009 | ||||
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A portfolio of neonatal care products is developed and sold.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Avanos
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avanos Comparisons
Competitors of Avanos
Avanos operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Soovu, SpinaFX Medical, AVACEN Medical, Dhama Innovations and Avancen, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Drug-free wearable pulsed heat therapy for pain management is developed.
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| domain | founded_year | HQ Location |
Minimally invasive oxygen-ozone therapy for herniated discs is provided.
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| domain | founded_year | HQ Location |
Provides noninvasive drug-free heat therapy for muscle and joint pain relief.
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| domain | founded_year | HQ Location |
Temperature-controlled wearables for pain relief and leisure are designed.
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| domain | founded_year | HQ Location |
Medication management devices are supplied to hospitals and patients.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avanos
Frequently Asked Questions about Avanos
When was Avanos founded?
Avanos was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Avanos located?
Avanos is headquartered in Alpharetta, United States. It is registered at Alpharetta, Georgia, United States.
Who is the current CEO of Avanos?
Joe Woody is the current CEO of Avanos.
How many employees does Avanos have?
As of Dec 31, 2024, the latest employee count at Avanos is 2,230.
What is the annual revenue of Avanos?
Annual revenue of Avanos is $687.8M as on Dec 31, 2024.
What does Avanos do?
Avanos was founded in 2014 in Alpharetta, United States, within the medical devices sector. Devices for pain management and enteral feeding are produced, including pain pumps, radiofrequency ablation systems, and feeding tubes with accessories. These products support specialties such as surgical pain, interventional pain, and neonatal care. Operations extend to hospitals, clinics, and home healthcare across acute and chronic needs, with nutritional support for enteral feeding provided.
Who are the top competitors of Avanos?
Avanos's top competitors include SpinaFX Medical, Dhama Innovations and Soovu.
Is Avanos publicly traded?
Yes, Avanos is publicly traded on NYSE under the ticker symbol AVNS.
How many acquisitions has Avanos made?
Avanos has made 4 acquisitions, including Avanos Medical, Diros Technology, and Endoclear.
What is Avanos's ticker symbol?
The ticker symbol of Avanos is AVNS on NYSE.
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