Lifeward Ltd. announced plans on November 4, 2024, to streamline its U.S. operations, a move expected to yield approximately $3 million in annual operating expense savings during 2025. This strategic initiative also targets a 200 basis point improvement in gross margin for the same period.
The company's operational adjustments include consolidating its real estate footprint by closing two U.S. facilities. Lifeward will now focus its operations in Massachusetts, Israel, and Germany, aiming for greater efficiency.
These actions are part of Lifeward's broader strategy to enhance operational efficiencies and improve its financial performance. The projected cost reductions and margin improvements are critical steps towards achieving the company's long-term financial goals.
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