Henry Schein this week announced three additions to its leadership team. The Melville, N.Y.–based medical and dental supplies distributor appointed Steve Boggan and Bianka Wilson as co-CEOs of its global oral reconstruction group (GORG) and Tom Popeck as CEO of its healthcare specialties group (HSG). GORG is the company’s portfolio of premium value and value […]
Dental
Steris to sell dental segment for $787.5M
Steris (NYSE: STE) today announced it has entered into a definitive agreement to divest its dental segment to Peak Rock Capital for $787.5 million. The transaction will be structured as an equity sale. Terms of the agreement also include the opportunity for Steris to receive an additional earnout of up to $12.5 million, which is […]
ZimVie closes sale of spine business, medtech veterans make up leadership team
ZimVie announced today that it completed the sale of its spine business to establish itself as a pure-play dental company. The company also shared details on the makeup of the leadership team at the now-sold business unit. The Westminster, Colorado-based ZimVie announced its intent to sell the spine business to H.I.G. Capital in December 2023. […]
How Solventum plans to create value after spinning out of 3M
Bryan Hanson, soon-to-be CEO of 3M’s Solventum healthcare spinoff, is no stranger to major changes in medtech. He had direct involvement in medtech’s largest spinoff, when Covidien separated from Tyco. Hanson then led the integration of Covidien into Medtronic in medtech’s largest-ever acquisition. While at Medtronic, he also led the divestiture of its Patient Recovery […]
FDA clears SnoreLessNow mandibular advancement device
SnoreLessNow announced today that the FDA granted 510(k) clearance for its over-the-counter dental device. Known as SomniFit-S in Europe, the Anti-Snore Mouth Guard+ reduces snoring by positioning the jaw gently forward. It allows for increased airflow and eliminates airway obstruction by tissues inside the mouth, requiring no masks, hoses or electronics. Swiss manufacturer Oscimed SA […]
FDA clears Kallisio’s 3D-printed oral insert for radiation therapy
Kallisio recently announced that the FDA has cleared its 3D-printed Stentra, used to protect head and neck cancer patient’s healthy tissue during radiation therapy. Stentra is fabricated of bio-compatible nylon materials (nylon ISO 10993-1), using 3D SLS printing technology. Baltimore-based Kallisio says Stentra directs radiation to the target tumor area while reducing the harmful impact […]
Dental robotics company Neocis raises $20M
Neocis, maker of surgical technology for robot-assisted dental implants, announced today that it raised $20 million in additional funding. Maimi-based Neocis received investments from Mirae Asset Capital/Mirae Asset Venture Investment. They have an affiliation with the Mirae Asset Financial group and invest in growth-stage healthcare and technology businesses. NVentures, NVIDIA’s venture capital arm, also participated […]
Align Technology acquires 3D printing company Cubicure
Align Technology (Nasdaq:ALGN) announced that it completed the acquisition of 3D printing company Cubicure. Cubicure offers 3D printing solutions for polymer additive manufacturing. It develops, produces and distributes innovative materials, equipment and processes for novel 3D printing solutions. Tempe, Arizona-based Align plans for the acquisition to support and scale its strategic innovation roadmap and strengthen […]
Align Technology wins FDA nod for Invisalign palatal expander system
Align Technology (Nasdaq:ALGN) announced today that the FDA granted 510(k) clearance for its Invisalign palatal expander system. The direct 3D-printed device provides rapid expansion and subsequent holding of skeletal and/or dental narrow maxilla (upper jaw). It enables primary, mixed or permanent dentition during the treatment of growing patients. FDA clearance covers broad patient applicability, including […]
ZimVie to sell spine business, become pure-play dental company
ZimVie announced today that it agreed to sell its spine business to investment firm H.I.G. Capital. Shares of ZIMV skyrocketed more than 50% to $17.05 apiece by the afternoon. MassDevice‘s MedTech 100 Index was up slightly. The sale of the business, valued at $375 million, establishes ZimVie as a pure-play dental company. Westminster, Colorado-based ZimVie […]
NuEyes wins FDA approval for augmented reality surgical visualization tech
NuEyes announced today that the FDA granted approval to its patent-pending NuLoupes augmented reality smart glasses technology. The Newport Beach, California–based company designed its system with state-of-the-art 3D stereoscopic technology. It offers practitioners in dentistry and medicine precision and live 3D visualization. Surgeons and dentists can move from traditional fixed magnification to NuLoupes high-resolution variable […]