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 said it gained net proceeds of about $20 million from the sale.
Shares of Bioventus were down 2.4% in recent Thursday premarket activity.
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